The Directorate of Enforcement (ED) convened its 32nd Quarterly Conference of Zonal Officers (QCZO) at The Lalit Grand Palace Srinagar on September 12 and 13, officials said on Monday.
Chaired by ED Director Rahul Navin, the two-day meet brought together regional heads, special directors and zonal heads to deliberate on key operational, administrative and regulatory issues, they said.
Officials said the conference featured sessions on compliance, prosecution, legislative frameworks and emerging challenges in enforcing the Prevention of Money Laundering Act (PMLA), 2002 and the Foreign Exchange Management Act (FEMA), 1999.
The meeting reviewed data management processes and stressed tackling new challenges, including terror financing, drug trafficking, cyber and digital fraud. “The Director directed zonal heads to prioritize investigations into terror activities, fake currency, cryptocurrency transactions and drug-related money laundering cases in Jammu & Kashmir and Ladakh,” an ED spokesperson said.
Administrative matters like property acquisition, lease renewals and security enhancement were also discussed, with emphasis on strengthening the regulatory interface between PMLA and the Insolvency and Bankruptcy Code to curb illicit financial activities, the officials added.
The conference concluded with an open-floor discussion and a closing address by the Director, reaffirming the ED’s commitment to robust enforcement of anti-money laundering and foreign exchange laws.
