The agency that served summons in a Kerala case enforces foreign exchange and anti-money laundering law from 1956
Background
The Directorate of Enforcement has pasted summons at a former Kerala Chief Minister's residence, which puts the agency's own standing position in view. The Directorate of Enforcement (ED), established in 1956, is the premier financial investigation agency of the Government of India. It functions under the Department of Revenue, Ministry of Finance, Government of India. It is entrusted with enforcing laws relating to foreign exchange management and anti-money laundering. The Directorate moved from the administration of FERA to FEMA, and today leads the enforcement of the Prevention of Money Laundering Act (PMLA) and the Fugitive Economic Offenders Act (FEOA).
In plain words
PMLA Prevention of Money Laundering Act — The central law against money laundering that the Directorate of Enforcement now mainly enforces.
FEMA Foreign Exchange Management Act — The law on foreign exchange that replaced FERA in India.
FEOA Fugitive Economic Offenders Act — The law used against economic offenders who leave the country to avoid prosecution.