FIU-IND case on cyber fraud recognised as runner-up at Best Egmont Case Award (BECA) 2026

The Financial Intelligence Unit–India (FIU-IND) secured the Runner-up position at the Best Egmont Case Award (BECA) 2026 during the Egmont Group Plenary held in Baku, Azerbaijan.

• The Best Egmont Case Award is one of the highest honours of the Egmont Group, recognising outstanding operational cases that demonstrate excellence in financial intelligence, international cooperation, and efforts to combat money laundering and terrorist financing.
• FIU-IND’s case was selected as one of only two finalists from submissions made by the 182 member jurisdictions of the Egmont Group before being declared the Runner-up.
• The case originated from intelligence shared by the Indian Cyber Crime Coordination Centre (I4C) regarding a large-scale cyber fraud.
• Financial intelligence analysis by FIU-IND uncovered a sophisticated money laundering network involving cyber fraud proceeds worth approximately ₹868 crore, more than 5,000 mule bank accounts, complex cryptocurrency transactions spread across multiple jurisdictions.
• The recognition highlights India’s growing capabilities in financial intelligence, cybercrime investigation, and international cooperation to combat financial crimes.

About FIU-IND

• The Financial Intelligence Unit–India (FIU-IND) is the national agency responsible for receiving, analysing, and disseminating information related to suspected financial transactions.
• It functions under the Department of Revenue, Ministry of Finance, and serves as India’s central agency for combating money laundering and terrorist financing.

About the Egmont Group

• The Egmont Group is an international network of Financial Intelligence Units (FIUs) established in 1995 to facilitate the secure exchange of financial intelligence and strengthen global cooperation against money laundering, terrorist financing, and related financial crimes.
• The Group currently comprises 182 member jurisdictions, promoting collaboration, information sharing, and capacity building among national FIUs worldwide.
• The Heads of FIU (HoFIU) are the Egmont Group’s main governing body. The HoFIU make consensus-driven decisions on matters affecting membership, structure, budget, and key principles.
• The Egmont Group does not conduct financial investigations. Instead, domestic law enforcement and investigative authorities manage such inquiries. Its Headquarters is located in Ottawa, Canada.

Source: PIB

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