Central Govt appoints 'Special Directors' of Regional Offices of Directorate of Enforcement as 'Administrators' under PMLA [Read Notification]

The Central Government, through notification number S.O. 3980(E) dated September 12, 2023, has officially designated the 'Special Directors' of Regional Offices within the Directorate of Enforcement as 'Administrators' under  the Prevention of Money Laundering Act (PMLA), 2002.

In the exercise of authority granted by subsection (1) of section 10 in conjunction with section 51 of the Prevention of Money Laundering Act, and as a replacement for the prior notification issued by the Government of India in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Extraordinary, Part-II, section-3, sub-section (ii) under number S.O. 2127(E) on September 10, 2012, with the exception of actions taken or not taken before this replacement, the Central Government hereby designates the 'Special Directors' of the Regional Offices within the Directorate of Enforcement as 'Administrators.'

These Administrators are tasked with receiving, managing, and disposing of properties confiscated under the provisions of subsection (5) or subsection (7) of section 8, section 58B, or subsection (2A) of section 60 of the said Act, as outlined in subsection (2) and subsection (3) of section 10 of the PMLA.

The Administrators, in their roles, will adhere to the regulations set forth in the said Act and the Prevention of Money Laundering (Receipt and Management of Confiscated Properties) Rules, 2005.

To Read the full text of the Order CLICK HERE

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