ED sets target of completing money-laundering probes in 1-2 years

During a quarterly conference, Enforcement Directorate set a target of filing 500 prosecution complaints in money-laundering cases in current financial year. ED emphasised fast-tracking probes and reducing timelines of new cases to one and two years. "Priority areas included cyber frauds and scams, trade-based money laundering, misuse of insolvency…narcotics-linked financial networks," ED said.