What happened: I4C launches Suspect Registry with banks
I4C, under the Ministry of Home Affairs, launched a Suspect Registry of identifiers of cyber criminals in collaboration with Banks and Financial Institutions on 10.09.2024. The Suspect Registry’s core purpose is to share suspected cyber-criminal identifiers with participating financial entities so that banks can spot and block transactions connected to cybercrime.
Under the Suspect Registry model, I4C reported the following cumulative achievements up to 30.06.2026:
More than 30.48 lakh suspect identifier data received from banks32.08 lakh Layer 1 mule accounts shared with participating entities of the Suspect RegistryRs. 25,698 crores declined transactions reported
Background and earlier position: why banks matter in cybercrime prevention
Cybercrime often involves monetising illegal activity through payment and account networks. Banks and financial institutions therefore become key nodes for detection and disruption because suspicious transactions can be identified during transaction attempts, before money moves further.
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