Introduction
The Directorate of Enforcement was established in 1956 and is based in New Delhi. It is in charge of enforcing the Foreign Exchange Management Act of 1999 (FEMA) and some aspects of the Prevention of Money Laundering Act of 2002.
- The Enforcement Directorate has been entrusted with the investigation and trial of cases under the PML, and it is under the administrative control of the Department of Revenue for operational purposes.
- The policy aspects of the FEMA, its amendments, and its legislation are under the purview of the Department of Economic Affairs.
Functions:
- To investigate suspected violations of the provisions of the FEMA, 1999, including “hawala” foreign exchange racketeering, non-realisation of export proceeds, non-repatriation of foreign exchange, and other types of violations under the FEMA, 1999.
- To collect, develop, and disseminate intelligence concerning violations of the FEMA, 1999.
- To provide and request reciprocal legal support from contracting states in asset attachment and confiscation, as well as the transfer of accused persons under the PMLA.