What is the full form of ED?

The full form of ED is Enforcement Directorate. In 1956, the Directorate of Enforcement was created, with its headquarters in New Delhi. It carries out the Prevention of Money Laundering Act’s specific provisions and the Foreign Exchange Management Act of 1999 (FEMA). Enforcement Directorate has been responsible for work connected to investigating and prosecuting offences under the PML. For administrative purposes, the Directorate reports to the Department of Revenue; however, the Department of Economic Affairs is responsible for the policy aspects of the FEMA, its legislation, and any revisions thereto. The Department of Revenue, however, is in charge of all policy matters relating to the PML Act. The Directorate enforced rules under the Foreign Exchange Regulation Act 1973 before FEMA went into effect on June 1st, 2000.

The Director is Shri Sudhir Nath, an officer with the rank of Additional Special. Two Special Directors are located at Headquarters, and one Special Director is located in Mumbai.

Each of the Directorate’s 10 Zonal offices is led by a Deputy Director, and each of its 11 sub-Zonal offices is led by an Assistant Director.

Mumbai, Delhi, Chennai, Kolkata, Chandigarh, Lucknow, Cochin, Ahmedabad, Bangalore, and Hyderabad are “zones.”

Jaipur, Jalandhar, Srinagar, Varanasi, Guwahati, Calicut, Indore, Nagpur, Patna, Bhubaneshwar, and Madurai are examples of sub-zonal offices.

• The intelligence inputs are obtained from various sources, including Central and State Intelligence agencies, complaints, etc., to gather, produce, and distribute intelligence relevant to violations of FEMA, 1999.
• Look into possible violations of the FEMA 1999’s regulations, such as “hawala” foreign exchange racketeering, failure to realise export proceeds, failure to repatriate foreign cash, and other violations.
• To determine whether violations of the former FERA, 1973, and FEMA, 1999, have occurred.
• To understand the consequences of the adjudication processes’ penalties.
• To manage prosecution, appeals, and adjudication proceedings under the former FERA, 1973
• Process cases for preventative custody under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act and make recommendations for their imprisonment (COFEPOSA)
• To conduct an investigation, search, seizure, arrest, prosecution, etc., against a PMLA offender.
• To provide and request reciprocal legal help from other contracting states concerning the attachment/confiscation of criminal proceeds as well as the transfer of accused individuals under the PMLA.