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The Hindu
The Hindu
National
PTI

Parliament proceedings | 3,110 money laundering, 12,000 FEMA cases registered by ED in last 3 years, says Indian government

ED FEMA the Enforcement Directorate Pankaj Chaudhary PMLA

The Enforcement Directorate (ED) has registered 3,110 cases under the anti-money laundering law and over 12,000 complaints to probe alleged foreign exchange violations over the last three years, the government informed Parliament on July 31.

Minister of State for Finance Pankaj Chaudhary told Lok Sabha in a written reply that the ED has recorded cases on the basis of a "risk-based robust mechanism" under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) and the Foreign Exchange Management Act, 1999 (FEMA).

Explained | The functioning of the Enforcement Directorate 

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