<h1>ED Seizes Assets Worth Over Rs. 1000 Crore Linked to Illegal Loan Apps Under PMLA and FEMA.</h1> The Directorate of Enforcement (ED) has seized assets worth Rs. 859.15 crore under the Prevention of Money Laundering Act (PMLA) and Rs. 189.28 crore under the Foreign Exchange Management Act (FEMA) in connection with illegal loan apps. The Reserve Bank of India (RBI) provided a list of approved Digital Lending Apps to the Ministry of Electronics and Information Technology, which was shared with app stores to ensure compliance. The RBI has issued guidelines for digital lending and customer identification to prevent money laundering, emphasizing direct loan disbursement and transparency in loan service providers' activities.