<h1>ED aims to close all legacy FERA cases by 2026, ending decades-old criminal foreign exchange prosecutions</h1> The Enforcement Directorate plans to conclude all pending cases under the repealed Foreign Exchange Regulation Act (FERA) by early 2026. About 400-500 legacy matters, largely stalled due to death or untraceability of accused persons or non-existent assets, are being identified for expedited adjudication and closure. The move is intended to end decades-long criminal litigation under FERA, which was replaced by the civil-regime Foreign Exchange Management Act (FEMA) in 2000. Internal directions emphasize fast-tracking these old cases to complete the lifecycle of all FERA proceedings in various forums and fully transition enforcement to the FEMA framework.