New Delhi, May 1 -- Enforcement Directorate (ED) Director Rahul Navin, on the occasion of 'ED Day', highlighted the evolving nature of financial crimes and the agency's response to emerging challenges.

ED Director Rahul Navin said there has been a shift in the nature of financial crimes, noting a decline in traditional offences like bank and corporate frauds, while emerging threats now include cryptocurrency fraud, cyber-enabled crimes, terror financing and narcotics trafficking.

Addressing the event, he said, "A few years ago, our enforcement work was centred predominantly on bank frauds, large corporate scams, and real estate frauds. Sustained actions by investigating agencies complemented by landmark government initiatives have broug...