New Delhi: CBI on Monday said that a "fresh look" needs to be taken at the specific global laws and protocols which are necessary to effectively crack down on the menace of cyber crime and web-enabled financial frauds. Inaugurating a week-long training programme on "Financial Offences and Cyber Crimes", CBI Director Anil Sinha said that "the problems of today cannot be solved by using the skills and knowledge of yesterday."
"Anonymity and connectivity of cyber world have enabled white collar criminals to exploit financial systems from far away jurisdictions, which not only makes detection and prosecution of economic offences difficult, but the recovery of the proceeds of crimes stashed away in different nations also becomes more complex," he said.
Sinha underlined the need for an efficient and dynamic capacity-building programme and the "need to have a fresh look at the legislations and protocols to enable better international cooperation to tackle the emerging challenges in the 21st century".
The training module is being conducted for officers from different law enforcement agencies of 11 African nations with a special impetus on investigation of economic offences and cyber crimes. Sinha said that the transnational and multi- jurisdictional nature of economic and cyber crimes has emerged as one of the major challenges for law enforcement agencies across the world.
He also stressed on the need to have joint investigations to tackle organised crime network of human trafficking across the globe. The CBI chief asked the officers participating in the training to reach out to their international counterparts and domain experts in the relevant areas in order to break the existing boundaries of thought and bring new understanding into practice.
The said programme has been conducted since 2010 for African nations under the aegis of the India-Africa forum summit and the ministries of Home Affairs and External Affairs. The topics expected to be discussed during the programme include criminal intelligence in financial fraud, frauds in financial sector, wildlife crimes, collection and analysis of mobile phone data, including freeware and commercial software, forensic accounting and its use in detecting economic crimes, counterfeit currency and forgery of documents.
Also to be taken up is the examination of fraudulent travel documents, e-banking fraud and online financial frauds, combating drug trafficking, chit-fund fraud and e-marketing frauds, analysis of CDR and cell sites and investigation of money laundering and foreign exchange-related cases.
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