What does BIEO mean in LAW & LEGAL
The Bureau of Investigation for Economic Offences (BIEO) is an Indian agency responsible for investigation and enforcement of laws related to economic offences. It is the investigative arm of India's Enforcement Directorate (ED) which forms a part of the Ministry of Finance. The BIEO was set up in December, 1995 to investigate major financial frauds and violations like insider trading, money laundering, tax evasion, counterfeiting currency and securities, hoarding and black money operations.
BIEO meaning in Law & Legal in Governmental
BIEO mostly used in an acronym Law & Legal in Category Governmental that means Bureau of Investigation for Economic Offences
Shorthand: BIEO,
Full Form: Bureau of Investigation for Economic Offences
For more information of "Bureau of Investigation for Economic Offences", see the section below.
Essential Questions and Answers on Bureau of Investigation for Economic Offences in "GOVERNMENTAL»LAW"
What does the Bureau of Investigation for Economic Offences do?
The Bureau of Investigation for Economic Offences investigates and enforces violations related to financial frauds such as money laundering, counterfeiting currency and securities, insider trading and hoarding.
Who runs the Bureau of Investigation for Economic Offences?
The Bureau of Investigation for Economic Offences is an Indian agency run by the Enforcement Directorate as part of India's Ministry of Finance.
Is it mandatory to report suspected economic offences?
Yes, any suspected economic offence must be reported to the local law enforcement authorities or via email at the website [email protected].
When was the BIEO set up?
The BIEO was established in December 1995.
What kind of economic offences are investigated by BIEO?
The BIEO investigates offences such as tax evasion, money laundering, insider trading, hoarding and counterfeiting currency and securities.
Final Words:
The BIEO is a vital agency in enforcing India's economic laws and protecting its citizens from financial crimes like insider trading and money laundering. It works closely with other law enforcement organisations to ensure that offenders are brought to justice.