MoU Signed: DoT–FIU‑IND to Strengthen Fraud Detection

Current Context: On 25 September 2025, the Department of Telecommunications (DoT) and the Financial Intelligence Unit–India (FIU‑IND) signed a landmark Memorandum of Understanding (MoU) in New Delhi.

• The pact aims to combat cyber crimes and financial frauds through real‑time data and intelligence sharing.
• DoT will provide inputs via its Digital Intelligence Platform (DIP), while FIU‑IND will use its Financial Intelligence Network Exchange (Finnex 2.0) portal.
• Key tools include the Financial Fraud Risk Indicator (FRI), Mobile Number Revocation List (MNRL), and Suspicious Transaction Reports (STRs).
• This collaboration shifts India’s fraud response from reactive to proactive, safeguarding telecom networks and digital financial systems.

Question:

Q.1 On 25 September 2025, the Department of Telecommunications (DoT) signed a Memorandum of Understanding (MoU) with which organisation to combat cyber crimes and financial frauds?
a) Reserve Bank of India (RBI)
b) National Payments Corporation of India (NPCI)
c) Financial Intelligence Unit–India (FIU-IND)
d) Central Bureau of Investigation (CBI)

Answer: c) The MoU was signed between DoT and FIU-IND in New Delhi to enhance intelligence sharing against financial frauds and cyber crimes.