After CCI, 15 more depts told to share info with ED

With the Finance Ministry notifying as many as 15 additional departments, ministries, and regulatory bodies, including CVC, the Directorate General of Foreign Trade (DGFT), and the Serious Frauds Investigation Office besides CCI, to mandatorily share information with the Enforcement Directorate (ED), almost all aspects of commercial transactions in India, including foreign trade data, now fall under the ambit of Prevention of Money Laundering Act (PMLA) investigations.

Against this backdrop, Rinkey Jassuja, Associate Partner at Economic Laws Practice (ELP) has been quoted by businessline in their article titled ‘Centre brings 15 additional departments under ED’s info sharing arrangement’. She says “This move will better integrate workings of all the agencies. In the long term, this move will be ultimately beneficial for the country, especially from a security purpose.”

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