Enforcement Directorate releases Data on Money Laundering

On 15th March, 2023, the Enforcement Directorate (ED) released new data related to the money laundering.

Key Findings

  • Since 2005, when the Prevention of Money Laundering Act (PMLA) came into force, the ED has registered 5,906 cases (till January 31, 2023).
  • However, prosecution complaints (equivalent to a charge sheet) have been filed in only 1,142 (19 per cent) cases.
  • Also, only 62 per cent of all the attached assets have been confirmed by the adjudicating authority, with the rest still pending adjudication.
  • Raids have been carried out in only about 9 per cent of cases, and incumbent and former elected representatives are ....
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