What is ED enforcement directorate?

The Enforcement Directorate (ED) is an investigative agency in India that operates under the Department of Revenue, Ministry of Finance. It is responsible for enforcing economic laws and combating financial crimes, primarily those related to money laundering and foreign exchange violations.

The primary objective of the Enforcement Directorate is to enforce two main laws in India: the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA). The PMLA aims to prevent money laundering and confiscate and seize assets derived from illegal activities. The FEMA regulates foreign exchange transactions and offenses related to external trade and payments.

The Enforcement Directorate has the authority to conduct investigations, seize and attach properties, issue summons, and arrest individuals involved in financial crimes. It works in close coordination with other law enforcement agencies, such as the Central Bureau of Investigation (CBI) and the Income Tax Department, to gather evidence and prosecute offenders.

The agency has the power to investigate a wide range of financial crimes, including cases related to black money, corruption, terrorism financing, fraud, and illicit cross-border transactions. The ED often collaborates with international agencies and financial intelligence units to track and trace money laundering networks and illicit financial flows.

Overall, the Enforcement Directorate plays a crucial role in combating financial crimes and maintaining the integrity of India’s financial system.