Foreign Exchange Management Act
Coverage of Foreign Exchange Management Act in the Nexus archive.
- ED searches money changers’ premises over alleged FEMA violations
The Enforcement Directorate (ED) conducted searches at money changers’ premises over alleged violations of the Foreign Exchange Management Act (FEMA). The agency claimed foreign currency was exchanged outside licensed frameworks without meeting KYC requirements, prescribed documentation, and invoicing procedures.
- ED searches Rajesh Exports premises in Bengaluru, Mumbai, over suspected FEMA violations
The Enforcement Directorate (ED) has conducted searches at Rajesh Exports premises in Bengaluru and Mumbai over suspected violations of the Foreign Exchange Management Act (FEMA).
- ED detects ₹2,500-crore FEMA violations in Bengaluru cross-border crypto transfers probe
The Enforcement Directorate (ED) has detected ₹2,500-crore Foreign Exchange Management Act (FEMA) violations in Bengaluru related to cross-border cryptocurrency transfers. The probe highlights regulatory scrutiny of crypto transactions in the region.