Question

    Which of the following agencies is primarily responsible

    for investigating offences under the Prevention of Money Laundering Act, 2002?
    A Central Bureau of Investigation (CBI) Correct Answer Incorrect Answer
    B Enforcement Directorate (ED) Correct Answer Incorrect Answer
    C Income Tax Department Correct Answer Incorrect Answer
    D Reserve Bank of India (RBI) Correct Answer Incorrect Answer

    Solution

    The Enforcement Directorate (ED) is the central agency empowered under the PMLA, 2002 to investigate cases of money laundering and proceeds of crime. ED also has the authority to: • Attach and confiscate property derived from money laundering, • Prosecute offenders before the Special Court under PMLA.

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question