ED Full-Form | Enforcement Directorate (ED) | Latest Update — 2021
Enforcement Directorate (ED) or Directorate General of Economic Enforcement refers to the government of India’s specialized investigation and persecution agency, which works directly under the guidance of the Department of Revenue, Ministry of Finance.
ED was launched in 1956 headquartered in New Delhi, India. The agency’s primary responsibility is to enforce and implement the Foreign Exchange Management Act, 1999 (FEMA) to prevent cases of money laundering in India.
The Structure of Enforcement Directorate (ED)
ED is currently being led by Shri Sudhir Nath, its additional special director. Also, it has two other special directors posted in New Delhi and one additional special director in Mumbai.
The directorate has a total of 10 Zonal offices located in various cities as follows: Bangalore, Hyderabad, Mumbai, Delhi, Chennai, Kolkata, Chandigarh, Lucknow, Cochin, and Ahmadabad. Each of these zonal offices is led by deputy directors. ED also has several sub-zonal offices scattered across India, including Jaipur, Jalandhar, Srinagar, Varanasi, Patna, Indore, Nagpur, Madurai, and others.
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Functions of Enforcement Directorate (ED)
- To gather inputs relating to any violations of FEMA, 1999, by anyone.
- Works in collaboration with Central and State intelligence agencies to gather evidence and more details about anyone involved in FEMA violations as per rules.
- Inspects all cases that involve “Hawala” foreign exchange racketeering and other forms of violations relating to foreign exchange deals.
- Imposes penalties on the individuals after adjudication proceedings.
- It can conduct nationwide or limited surveys, raids, searches, and arrest offenders found guilty under the money laundering act.
ED can also attach the asset of the offender found guilty of FEMA violations as per the Money Laundering Act.
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What Is the Difference Between ED and CBI (Central Bureau of Investigation)
CBI is authorized to examine crime cases involving high-profile economic and non-economic offenses. But ED is committed to scrutinizing and preventing money laundering crimes.
CBI works under the Ministry of Personnel, Public Grievances and Pension while ED works under the Department of Revenue, Ministry of Finance.
CBI can file a charge sheet or register a complaint on its own. But ED needs the approval of the state police or CBI to register an offense and start its investigation process.
The primary task of ED is to enforce economic laws throughout the country and scrutinize economic transactions of individuals and companies and hold them accountable for any economic offenses and crimes.
ED has the power to investigate money laundering cases and persecute them as per the legal provisions. The agency also looks into legislative aspects and amendments of FEMA within the purview of the Department of Economic Affairs under the Ministry of Finance, Government of India.
FAQs (Frequently Asked Questions) on Enforcement Directorate
What is the full form of ED in other countries?
Usually, ED means “Editor.” You will often notice how people use the term “ED” to refer to Editor. Also, Ed can mean “Education.”
Does the post of Enforcement Directorate (ED) only available in India?
Maybe. But every country has its separate economic intelligence win that looks into cases of economic offenses and punishes the offender.
How Can I join ED?
If you wish to join ED, you need to get into the Ministry of Finance. You should apply for SSC (CGL) and UPSC exams for that.