The Enforcement Directorate (ED) is an Indian agency that enforces business law and combats white collar crime. Established in 1956, it reports to the tax department of the Ministry of Finance.
The ED is primarily responsible for enforcing two important laws: the Foreign Exchange Management Act (FEMA) and the Prevention of Money Laundering Act (PMLA). FEMA regulates foreign exchange transactions and foreign money flows in India, while PMLA covers money laundering and criminal proceeds.
The ED has the power to investigate and prosecute individuals or entities suspected of violating these laws, and may seize property suspected of criminal proceeds. The agency works closely with other law enforcement agencies in India and internationally to combat white collar crime.
ED plays a key role in maintaining the integrity of India’s financial system and ensuring that economic crimes are effectively investigated and prosecuted. His work helps deter economic criminals and protect the interests of the people of India. We have a responsibility to fight economic crimes such as financial and foreign exchange crime. It is part of the Ministry of Finance Treasury.
The ED plays an important role in ensuring the financial stability and integrity of the country. It has the power to investigate and prosecute individuals and entities involved in white-collar crime, seize illegally acquired property, and cooperate with international authorities to investigate cross-border white-collar crime.
ED is also responsible for implementing the Prevention of Money Laundering Act (PMLA), which requires financial institutions to report suspicious transactions and keep records of their customers’ financial activities. This helps prevent money laundering and terrorist financing activities.
Overall, the Department of Enforcement is a key agency in maintaining India’s economic prosperity and stability by combating economic crime and ensuring compliance with economic law.