Question
Under the PMLA, the agency primarily responsible for
investigation and enforcement is which?Solution
Under the Prevention of Money Laundering Act, the Directorate of Enforcement (ED) is the principal agency responsible for the investigation of money laundering offences and the enforcement of the Act. The ED investigates the offence, traces and attaches proceeds of crime, and prosecutes offenders before the Special Court. It functions under the Department of Revenue, Ministry of Finance. The ED also enforces the Foreign Exchange Management Act, giving it a central role in financial law enforcement in India.
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