Section 66 of the Prevention of Money Laundering Act (PMLA), 2002, as per a notification issued by the Department of Revenue under the Union Ministry of Finance
Recently, the Department of Revenue, operating under the Union Ministry of Finance, issued a notification to incorporate the Indian Cyber Crime Coordination Centre (I4C) under Section 66 of the Prevention of Money Laundering Act (PMLA), 2002.
This inclusion will facilitate I4C in exchanging information with the Enforcement Directorate and other law enforcement bodies, thereby enhancing the nation's efforts to combat cyber-enabled financial crimes. Section 66 (Disclosure of Information) of the PMLA Act, 2002, authorizes the Director of the Directorate of Enforcement or any designated authority to share information with the relevant agency for appropriate action.
The sharing of information will be based on the data or materials in their possession, particularly when there is a violation of any existing laws. The Indian Cyber Crime Coordination Centre (I4C), officially inaugurated in 2020, is an initiative by the Union Ministry of Home Affairs, designed to serve as the central hub for combating cybercrime in the country.
In July 2024, it was designated as an attached office of the Union Ministry of Home Affairs. Its objective is to establish a framework and ecosystem for Law Enforcement Agencies to address cybercrime in a coordinated and comprehensive manner.
The I4C encompasses various verticals, including the National Cybercrime Reporting Portal (NCRP), the National Cybercrime Threat Analytics Unit (NCTAU), the National Cybercrime Ecosystem Management Unit (NCEMU), and the Joint Cyber Crime Coordination Team (JCCT), among others.
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