Officials in the agency said Mr Qureshi was arrested in New Delhi late last night after he was called for questioning in the case.
The meat exporter has been arrested under the provisions of the Prevention of Money Laundering Act (PMLA) and will be produced before a court today, they said, alleging that he was not cooperating in the investigation.
He has been questioned multiple times in the past by the agency which is investigating Mr Qureshi after it registered two FIRs under the Prevention of Money Laundering Act.
In the latest FIR against him this year, former CBI Director AP Singh has also been named.
The meat exporter is also facing probes by the Income Tax department and the CBI for alleged tax evasion, money laundering and corruption among others.
The Income Tax Department is investigating Mr Qureshi under the new Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 as probe led it to few foreign assets owned or held by the meat exporter and his family in an alleged illegal manner as they were not declared or reported to Indian tax authorities.
The case emerged after the tax department first carried out searches against Mr Qureshi and his firm in February 2014.