<h1>Finance Minister Urges ED to Penalize Non-Compliance, Address Money Laundering Risks Among Non-Filing Companies.</h1> The Union Finance Minister urged the Enforcement Directorate (ED) to swiftly use its penalizing authority to address non-compliance with regulations, emphasizing the importance of protecting public interest. He highlighted the government's trust in citizens to comply with foreign exchange dealings and the necessity of enforcing penalties for violations. The Revenue Secretary noted that 8-9 lakh registered companies are not filing annual returns with the Ministry of Corporate Affairs, posing a money laundering risk. A task force is monitoring these companies bi-weekly to address the issue. The ED is expected to enforce laws strictly to support revenue generation.