How many money laundering cases have been registered in India since 2014
Over 5,000 money laundering cases have been registered since 2014, with conviction in 40 cases.
- Since 2014, over 5,000 money laundering cases have been registered in India.
- Out of the total cases, only 40 cases have resulted in convictions so far.
- The Enforcement Directorate (ED) is the primary agency responsible for investigating and prosecuting money laundering cases in India.
- Money laundering involves concealing the origins of illegally obtained money by passing it through a complex sequence of banking transfers or commercial transactions.
- Money laundering is considered a serious financial crime that undermines the integrity of the financial system and facilitates other criminal activities.
Answered
10 months ago