FBR tracks 10,000 people involved in money laundering, terror financing

FBR is now looking at NPOs (Non-Profit Organizations) and INPOs (International NPOs) who are involved in money laundering and terror financing.

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More than 10,000 people have been traced by the Federal Board of Revenue (FBR) who were involved in cash transactions running into trillions of rupees for tax evasion and a possibility of involvement in money laundering.

FBR is now looking at NPOs (Non-Profit Organizations) and INPOs (International NPOs) who are involved in money laundering and terror financing.

Official sources revealed that complaints have been received of money laundering and terror financing, which has started formal investigations against 36 to 40 cases.
The FBR is pursuing cases of such nature to comply with the conditions of the Financial Action Task Force (FATF).
Numerous complaints were received about different kinds of modus operandi being used to establish any outfit on the front but it was used for the purpose of money laundering and terror financing.

In such investigations, the involvement of INGOs and NGOs was also found and in some cases, FBR had to start an investigation to get details of the money trail.

The FBR’s Directorate General of Intelligence & Investigation (I&I) Inland Revenues has initiated a campaign against all tax evaders, especially those who are unregistered or registered but are still paying nominal tax despite making supplies worth billions of rupees.

“In this regard selected cases after proper scrutiny were identified so that genuine taxpayers do not feel any harassment being the asset of the nation,” one top official of FBR said.

FBR’s Directorate-General has compiled all the data with information about cash transactions of trillions of rupees by less than 10,000 people.

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    No doubt it’s a good step towards health..but, roads are filling due to drains or seawrage water and also because of rainfall and there is a difficulty to public in travelling via private or public transport…please attention also towards roads construction so that to avoid any accidental issue

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