Notification under Section 66 of PMLA Act, 2002

## Report on Amendment to Notification related to Prevention of Money Laundering Act, 2002 **1. Executive Summary:** This report analyzes a notification published by the Ministry of Finance, Department of Revenue, dated April 25, 2025. The notification amends a previous notification (G.S.R. 381E, dated June 27, 2006) under the Prevention of Money-laundering Act, 2002. The core purpose of this specific amendment is to include the "Indian Cyber Crime Coordination Centre (I4C)" in a list of entities, presumably for the purpose of sharing information or cooperation related to preventing money laundering. The key finding is that this amendment expands the network of agencies involved in combating money laundering to include a cybercrime coordination body. **2. Introduction:** This report provides an informative overview of an amendment to a notification related to the Prevention of Money-laundering Act, 2002. The analysis is based solely on the text of the notification published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection i, dated April 25, 2025. **3. Policy Overview:** This notification amends the original notification G.S.R. 381E, dated June 27, 2006. The core objective of the original notification (and impliedly, this amendment) is to facilitate the prevention of money laundering. Based on the provided text and the Act it references, this amendment seems designed to enhance the existing framework by including specific entities for some purpose linked to that prevention. **4. Background and Rationale:** This amendment likely aims to strengthen the fight against money laundering by incorporating expertise and resources related to cybercrime. The addition of the Indian Cyber Crime Coordination Centre (I4C) suggests that the government recognizes the increasing role of cybercrime in facilitating money laundering activities. The amendment probably aims to improve information sharing and coordination between financial intelligence units and cybercrime units. **5. Key Provisions / Changes:** This notification *amends* the existing notification by inserting the following entry after serial number 26: * **Serial Number:** 27 * **Entity:** Indian Cyber Crime Coordination Centre (I4C) This change effectively adds the I4C to a list. Given the context of the Prevention of Money-laundering Act, it is inferred that this listing is for the purpose of facilitating information sharing, reporting, or some other form of collaboration in the prevention and investigation of money laundering activities. The effect of this change is to bring the I4C formally into the network of agencies working on preventing money laundering. **6. Target Audience and Stakeholders:** The immediate target audience is likely the Indian Cyber Crime Coordination Centre (I4C) itself, as it is now formally included in this framework. Other stakeholders include: * The Central Government (Ministry of Finance, Department of Revenue) * Entities already listed in the original notification (G.S.R. 381E) and its subsequent amendments, as they will now interact with the I4C. * Financial institutions and other reporting entities under the Prevention of Money-laundering Act, 2002. **7. Implementation Aspects (Inferred):** * The responsible agency is the Ministry of Finance, Department of Revenue, as indicated in the notification. * No specific timelines or procedures are outlined in the amendment text itself. However, it is implied that the I4C will now be integrated into existing procedures related to the Prevention of Money-laundering Act. The details of how this integration will occur are not specified in the provided text. **8. Expected Outcomes / Impact of Changes:** The intended outcome of this amendment is likely to improve the detection and prevention of money laundering schemes involving cybercrime. By including the I4C, the government aims to leverage its expertise in cybercrime to identify and disrupt financial flows related to illegal online activities. The potential impact of this amendment is a more effective and comprehensive approach to combating money laundering in the digital age. **9. Conclusion:** The notification dated April 25, 2025, amends a previous notification under the Prevention of Money-laundering Act, 2002, by including the Indian Cyber Crime Coordination Centre (I4C). This amendment underscores the increasing importance of addressing cybercrime in the fight against money laundering. While the specific operational details are not included in this text, this change is likely to enhance information sharing and coordination, ultimately contributing to a more robust framework for preventing money laundering. This amendment highlights the government's proactive approach to adapting its strategies to combat evolving criminal tactics.

Key Entities Referenced