The Financial Intelligence Unit–India (FIU-IND) has earned significant international recognition by securing the Runner-up position at the prestigious Best Egmont Case Award (BECA) 2026 during the Egmont Group Plenary held in Baku, Azerbaijan. The award acknowledges outstanding operational cases demonstrating excellence in financial intelligence and international cooperation in combating money laundering and terrorist financing. FIU-IND's case was selected as one of only two finalist cases among submissions from the Egmont Group's 182 member jurisdictions.
The case originated from intelligence shared by the Indian Cyber Crime Coordination Centre (I4C) regarding a large-scale cyber fraud. FIU-IND's financial intelligence analysis uncovered a sophisticated money laundering network involving cyber fraud proceeds of approximately ₹868 crore, more than 5,000 mule bank accounts, and complex cryptocurrency transactions spanning multiple jurisdictions. The investigation demonstrated critical international cooperation through the Egmont Secure Web (ESW), with FIU-IND exchanging financial intelligence with multiple counterpart Financial Intelligence Units to trace cross-border cryptocurrency transactions and identify the global money laundering trail.
Based on FIU-IND's Operational Analysis Report, the Directorate of Enforcement (ED) initiated extensive enforcement action, conducting searches at 13 locations. The enforcement actions resulted in seizure of ₹47 lakh in cash and cryptocurrency (USDT) valued at approximately ₹13.6 crore, attachment of assets worth ₹8.67 crore, and filing of two Prosecution Complaints under the Prevention of Money Laundering Act (PMLA), 2002. The recognition reflects India's growing leadership in financial intelligence and reinforces FIU-IND's commitment to strengthening the country's Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) framework through advanced operational analysis, robust domestic coordination, and effective international intelligence sharing.