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The Directorate of Enforcement is a multi-disciplinary organization under the Department of Revenue, Ministry of Finance. The statutory functions of the Enforcement Directorate include the enforcement of which of the following act/acts?
  1. Prevention of Money Laundering Act, 2002 (PMLA)
  2. Foreign Exchange Management Act, 1999 (FEMA)
  3. Fugitive Economic Offenders Act, 2018
Select the correct answer code:
  • a)
    1 only 
  • b)
    1, 2 
  • c)
    1, 3 
  • d)
    1, 2, 3
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The Directorate of Enforcement is a multi-disciplinary organization un...
The Directorate of Enforcement is a multi-disciplinary organization mandated with investigation of offence of money laundering and violations of foreign exchange laws. The statutory functions of the Directorate include enforcement of following Acts:
  • The Prevention of Money Laundering Act, 2002 (PMLA):It is a criminal law enacted to prevent money laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.
  • The Foreign Exchange Management Act, 1999 (FEMA): ED has been given the responsibility to conduct investigation into suspected contraventions of foreign exchange laws and regulations, to adjudicate and impose penalties on those adjudged to have contravened the law.
  • The Fugitive Economic Offenders Act, 2018 (FEOA): It is a law whereby Directorate is mandated to attach the properties of the fugitive economic offenders who have escaped from the India warranting arrest and provide for the confiscation of their properties to the Central Government.
  • Sponsoring agency under COFEPOSA:Under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA), this Directorate is empowered to sponsor cases of preventive detention with regard to contraventions of FEMA.
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The Directorate of Enforcement is a multi-disciplinary organization under the Department of Revenue, Ministry of Finance. The statutory functions of the Enforcement Directorate include the enforcement of which of the following act/acts? Prevention of Money Laundering Act, 2002 (PMLA) Foreign Exchange Management Act, 1999 (FEMA) Fugitive Economic Offenders Act, 2018Select the correct answer code:a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?
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The Directorate of Enforcement is a multi-disciplinary organization under the Department of Revenue, Ministry of Finance. The statutory functions of the Enforcement Directorate include the enforcement of which of the following act/acts? Prevention of Money Laundering Act, 2002 (PMLA) Foreign Exchange Management Act, 1999 (FEMA) Fugitive Economic Offenders Act, 2018Select the correct answer code:a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Directorate of Enforcement is a multi-disciplinary organization under the Department of Revenue, Ministry of Finance. The statutory functions of the Enforcement Directorate include the enforcement of which of the following act/acts? Prevention of Money Laundering Act, 2002 (PMLA) Foreign Exchange Management Act, 1999 (FEMA) Fugitive Economic Offenders Act, 2018Select the correct answer code:a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Directorate of Enforcement is a multi-disciplinary organization under the Department of Revenue, Ministry of Finance. The statutory functions of the Enforcement Directorate include the enforcement of which of the following act/acts? Prevention of Money Laundering Act, 2002 (PMLA) Foreign Exchange Management Act, 1999 (FEMA) Fugitive Economic Offenders Act, 2018Select the correct answer code:a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.
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