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Polity & Governance
Mahesh

02/12/22 06:41 AM IST

Centre widens ED power

In News 
  • In its recent amendment, the Central Government listed 15 government bodies that are required to share information with the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA).
Agencies included in recent amendments 
  • National Investigating Agency (NIA)
  • Serious Fraud Investigation Office (SFIO)
  • State Police
  • Director General of Foreign Trade (DGFT)
  • Ministry of External Affairs (MEA)
  • National Intelligence Grid
  • Central Vigilance Commission (CVC)
  • Defence Intelligence Agency
  • National Technical Research Organisation (NTRO)
  • Military Intelligence
  • Wildlife Crime Control Bureau
  • Competition Commission of India (CCI)
  • Under Section 66 of the Act, 15 entities are bound to disclose and share case information to the ED if the investigation falls under its jurisdiction.
  • The information shared can be used by the Enforcement Directorate to file a case under the PMLA when it deems fit.
About ED 
  • The Enforcement Directorate (ED), which comes under the aegis of the Finance Ministry’s Revenue Department, is an economic intelligence agency responsible for combating economic crimes in India and enforcing economic laws.
  • Its origins can be traced back to the Enforcement Unit, which was set up under the Foreign Exchange Regulation Act, 1947 to combat violations of Exchange Control Laws.
  • The Enforcement Unit was renamed as the Enforcement Directorate in 1957.
Source- The Hindu 

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