SDG 16: Peace, Justice & Strong Institutions | SDG 9: Industry, Innovation & Infrastructure
Institutions: Ministry of Finance | Ministry of Communications
The Department of Telecommunications (DoT) and the Financial Intelligence UnitโIndia (FIU-IND) have signed a Memorandum of Understanding (MoU) to strengthen coordination in tackling cyber-enabled financial crimes. The partnership will enhance the monitoring of suspicious digital transactions, improve information sharing, and enable quicker responses against telecom-linked frauds, such as phishing, UPI scams, and SIM-based fraud.
The MoU also envisages capacity building, joint training, and deployment of data-driven tools to track fraudulent activities across telecom networks and financial systems. This collaboration is significant in the context of rising digital payments and the governmentโs push for secure digital infrastructure.
By integrating telecom surveillance with financial intelligence, the MoU addresses the gap between digital infrastructure and financial security. It complements existing initiatives like the Cyber Swachhta Kendra and the Digital Intelligence Platform, aligning with Indiaโs efforts to curb cybercrime, protect consumers, and build trust in the digital economy.
Relevant Question for Policy Stakeholders:
How can this institutional partnership evolve into a real-time fraud detection ecosystem that proactively safeguards Indiaโs expanding digital payment networks?
Follow the full news here: PIB Release