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The Enforcement Directorate (ED) is administered by the Department of Revenue which comes under the Ministry of Finance. It is headed by an Indian Revenue Service Officer and is known as the Director of Enforcement. The Enforcement Directorate has its head office in the national capital, Delhi as well as many regional offices that are spread across the country. Now that you know ED comes under which ministry, let us find out more!
What Does the Enforcement Directorate Do?
Table of Contents
The Enforcement Directorate is a multidisciplinary institution responsible for investigating cases related to money laundering and any violation of the Foreign Exchange laws. Several statutes have to be enforced by the directorate. They are as follows:
- The Prevention of Money Laundering Act (2002)
- The Foreign Exchange Management Act (1999)
- The Foreign Exchange Regulation Act (1973)
- The Fugitive Economic Offenders Act (2018)
- Conservation of Foreign Exchange and Prevention of Smuggling Activities (1974)
Functions of the Enforcement Directorate
There are several tasks that the Enforcement Directorate has to enforce or carry out. Those tasks are as follows:
- They have to enforce all the economic laws such as those related to money laundering, foreign fugitive economic offenders etc.
- They have to carry out the enforcement of these laws by heading the searches and seizures of the offenders of these laws.
- They also have to sponsor agencies that come under the Conservation of Foreign Exchange and Prevention of Smuggling Activities (1974).
- They are legally authorized to seizure confiscate any property or asset that has been acquired through illegal means.
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