<h1>Enforcement Directorate Issues Show Cause Notices for FEMA, PMLA Violations to Private and Multinational Firms.</h1> The Directorate of Enforcement has issued Show Cause Notices to private companies and multinational corporations for alleged violations of the Foreign Exchange Management Act (FEMA), 1999, and registered money laundering offenses under the Prevention of Money Laundering Act (PMLA), 2002. In the years 2010-11 and 2011-12, there were 34 and 37 cases under FEMA and 31 and 23 cases under PMLA, respectively. The Reserve Bank of India (RBI) handles applications for compounding procedural violations of FEMA, excluding certain sections. From July 2010 to June 2012, 628 applications were filed for compounding. Penalties are not adjusted for inflation.