Money laundering legitimizes illegal funds, posing threats to security and economies. Methods include hawala and crypto. India combats it via PMLA, supported by international efforts like FATF. Challenges involve sophisticated tactics, technology, and cross-border complexities. Way Forward requires stronger regulations, advanced tech, and international cooperation to mitigate its challeneges.
Click to View MoreThe Supreme Court has warned the Enforcement Directorate (ED) against using the court as a political platform and politicizing the issue. Critics argue the ED selectively targets opposition party leaders and has low conviction rates. To improve the ED's functioning, steps include enhanced transparency, judicial scrutiny, capacity building, protection from political influence, and prioritizing quality prosecution.
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