Question : Violation of PMLA and FEMA

(a) the details and the number of persons or entities summoned and/or investigated for violating the Prevention of Money Laundering Act, 2002 (PMLA) and Foreign Exchange Management Act, 1999 (FEMA) during the last three years, year-wise and Act-wise;
(b) the details of the value of financial crimes suspected and/or reported, penalties imposed, the value of attachment and property confiscated as proceeds of crime during the said period, year-wise; and
(c) the details of all cases investigated, especially category of financial crime committed/suspected and the action taken during the said period, year-wise?

MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI ANURAG SINGH THAKUR)

(a) Number of persons or entities summoned and / or investigated for violating the Prevention of Money Laundering Act, 2002 (PMLA) and Foreign Exchange Management Act, 1999 (FEMA) during last three years, year-wise and act-wise is as under:-

Financial Year No. of persons / entities summoned under PMLA No. persons / entities summoned under FEMA
2017-18 7809 5251
2018-19 8729 6497
2019-20 (up to 29.02.2020) 8374 5359


(b) The value of financial crimes suspected and/or reported, penalties imposed, the value of attachment and property confiscated as proceeds of crime during last three years is as under:-

Financial Year FEMA PMLA
No. of investigation initiated Amount of penalty imposed Amount of Confiscation No. of investigation initiated Amount of Provisional Attachment Orders issued (PAOs) (Rs. in Crores) Amount of properties confiscated (Rs. in lakhs)
(Rs. in Crores) (Rs. in Crores)
2017-18 3607 179 11.49 148 7432 0.85
2018-19 2659 1907 3.45 195 15490 391.88
2019-20 (till 29.02.2020) 3155 577 7.95 234 28519 52.7


(c) Year-wise details of all cases investigated, specifically category of financial crime committed / suspected and the action taken for the last 03 years is as under:-

Financial Year FEMA PMLA
No. of investigation initiated Show Cause Notices issued Cases Adjudicated No. of investigation initiated No. of Provisional Attachment Orders issued (PAOs) No. of Prosecution Complaint filed
2017-18 3607 791 868 148 196 96
2018-19 2659 844 759 195 163 198
2019-20 (till 29.02.2020) 3155 619 495 235 143 47

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