Full form of ED

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ED also stands for Enforcement Directorate. ED is known for enforcing economic laws and fights against economic crime in India.
The Enforcement Directorate is under the administrative control of the Department of Revenue under the Ministry of Finance. ED was established in the Year 1956. ED is also responsible for enforcement of the Foreign Exchange Management Act, 1999 (FEMA) and there are certain provisions under the prevention of Money Laundering Act (PMLA), 2002. The headquarters of ED is in New Delhi.ED also has many regional offices across India like in Kolkata, Mumbai (Finance Capital of India), Chandigarh, and Hyderabad which is sub-divided into various sub-zonal offices across various major cities. The Enforcement Directorate is composed of the Indian Revenue Service, Indian Police Service, Indian Corporate Law Service, and Indian Administrative Services Officers.

Objectives of ED (Enforcement Directorate)
There are two  major objectives of the Enforcement Directorate which is acting on
Foreign Exchange Management Act (1999) FEMA
Prevention of Money Laundering Act (2002) PMLA

The official Website of ED enlist other objectives that are directly linked to checking money laundering in India
Against the rules of GOI, the complete details of the investigation agency over the public domain and you can find all the details listed at www.enforcementdirectorate.gov.in

Functions of the Enforcement Directorate
The main functions of the Enforcement Directorate (ED) and the reason ED was established are as follows:
• To arrest a person who is involved in the act of money laundering and prosecute who is primarily responsible for money laundering.
• Has the right to undertake actions such as search, arrest, and prosecution against the offender of the PMLA offence.
• To collect and compile intelligence information related to violations of FEMA 1999
• To carry out fines levied after a particular is found guilty
• To investigate the suspected violations of the provisions of the FEMA for unethical transactions including hawala, Exports illegally or non-realization of export proceeds or violations while exporting under FEMA act 1999
• Under the Money Laundering Act (Section2(1)(d)) says the right to the attachment of assets of defaulters of FEMA including conversion, disposition, or movement of property through an order issued.
• Legal proceedings and appeals under FERA 1973 handling.

Also Read: Full-Form of IAS