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of <h1>FEMA Compounding Rules 2024: Serious offenses like money laundering, terror financing, or repeated violations not eligible.</h1> Certain contraventions under the Foreign Exchange Management Act (FEMA) cannot be compounded as per the Foreign Exchange (Compounding Proceedings) Rules, 2024. These include cases where the amount involved is not quantifiable, involve serious offenses like money laundering or terror financing, or affect national sovereignty. If the Directorate of Enforcement deems a contravention serious, it is referred to the Adjudicating Authority. Contraventions within three years of a similar compounded offense, or where penalties have been imposed, are ineligible for compounding. Administrative actions must be completed before processing a compounding application.
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