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Mahesh

15/06/22 14:04 PM IST

Enforcement Directorate

In News 
  • After two consecutive days of questioning in the National Herald money laundering case, Congress leader Rahul Gandhi appeared again on recently before the Enforcement Directorate (ED).
About Enforcement Directorate 
  • The origin of this Directorate goes back to 1st May, 1956, when an ‘Enforcement Unit’ was formed, in the Department of Economic Affairs, for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947 (FERA ’47).
  • In the year 1957, this Unit was renamed as ‘Enforcement Directorate’.
  • Presently, it is part of the Department of Revenue, Ministry of Finance.
  • The Organization is mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA).
Source-PIB

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