New Delhi: In the first, ED has obtained an interpol purple notice on trade-based money laundering modus operandi. The notice was published on August 21 and alerts all investigative agencies in 196 member countries of Interpol to monitor the shell institutions engaged in such activities.The enforcement agency has shared an organized network of domestic and foreign shell institutions engaged in laundering of money on a large scale under the guise of international trade. “Conspirators exploited business systems and banking channels using minimal imports,” Ed said that the conspirators exploited business systems and banking channels using at least imports, “Ed said.Purple notice is one of the eight types published by Interpol, which provides information about the dissolving methods used by modus operandi, objects, devices and criminals to the member countries.Ed said, “Circular trade created a false tale of international commerce, which faced a large -scale laundering. The scheme performed characteristics like Havildar, but operated through lattice trade documentation to detect formal banking systems, shell companies, and regulators,” Ed said that Ed is an attempt to create awareness in the publication of notice and emit its global counterparts.The agency said that it is important for effective domestic investigation to collect timely and accurate through informal cooperation. India is making internationally active expert groups and organizations sensitive which can be important in the facility of informal cooperation between courts.Through the ED, India is using platforms like Globe Network and Asset Recovery Intergency Network-Asia Prashant to shape global policies to combat money laundering and to prevent safe haveon safe for crime income. A senior official said, “Publication of this purple notice also serves as a testimony to the role of leadership taken by India through ED on various international platforms,” ​​a senior official said.
