April 20, 2024

Pkrevenue.com

Pakistan Revenue

Tag: Anti-Mondey Laundering

FBR conducts AML training for jewelers, lawyers
Dec 24
Taxation

FBR conducts AML training for jewelers, lawyers

ISLAMABAD: The Federal Board of Revenue (FBR) has organized a training session on Anti-Money Laundering (AML)/Counter Financing for Terrorism (CFT) for jewelers, accountants and lawyers. The revenue body conducted the training session in collaboration with United Nations Office on Drugs and Crime (UNODC). The session has been aimed at creating awareness among Designated Non-Financial Businesses […]

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FBR registers 71 cases of money laundering in FY21
Jul 1
Taxation

FBR registers 71 cases of money laundering in FY21

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said that around 71 cases of money laundering have been registered during FY21 (2020/2021) in which an amount of Rs62 billion is involved. The FBR said that its wing i.e. Directorate General of Intelligence & Investigation-IR showed commendable performance during July 2020 to June 2021. During […]

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IR officers given powers to check dirty money in transactions of jewelers, real estate, accountants
Dec 16
Taxation

IR officers given powers to check dirty money in transactions of jewelers, real estate, accountants

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issues regulations for exercising powers to monitor transactions by jewelers, real estate agents and accountants to check dirty money. The FBR issued SRO 1319(I)/2020 dated December 10, 2020 to empower officers of Inland Revenue to exercise powers conferred by Section 6A of Anti-Money Laundering Act, 2010. Regulating […]

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NAB establishes AML/CFT cell
Oct 17
Finance

NAB establishes AML/CFT cell

ISLAMABAD: National Accountability Bureau (NAB) on Thursday established Anti-Money Laundering (AML)/ Combating the Financing of Terrorism (CFT) cell at the bureau. The cell will be headed by Zahir Shah, Director General, Operation, NAB Headquarters, Islamabad and would be comprised of the following officers: 01. Zafar Iqbal, Director Monitoring 02. Mufti Abdul Haq, Additional Director/Desk Officer […]

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SBP warns public against sale, purchase of foreign exchange with illegal money exchanges
Aug 24
Money & Banking

SBP warns public against sale, purchase of foreign exchange with illegal money exchanges

KARACHI: State Bank of Pakistan (SBP) has warned general public against dealing of sale and purchase of foreign currency with illegal money exchanges. The central bank in an information to general public said that sale, purchase and transfer of foreign currency through Hawala/Hundi operators is illegal. The SBP said that people unknowingly may become part […]

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Customs recovers Rs450 million illicit currency, arrests 30 percent in anti-money laundering drive
May 11
Pakistan Customs, Taxation

Customs recovers Rs450 million illicit currency, arrests 30 percent in anti-money laundering drive

ISLAMABAD: Pakistan Customs (Operation) has taken vigorous actions to counter illicit movement of currency, which is the primary tool used for money laundering and moving proceeds of crime in and out of the country, a statement said on Saturday. The current lead taken by Customs Operations FBR, and the effective control measures implemented by enforcement […]

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Informal donations prone to money laundering: SECP
Mar 20
Finance

Informal donations prone to money laundering: SECP

KARACHI: Pakistan has been rated amongst most charitable nations in the world but most donations are routed informally which makes the whole exercise prone for terror financing and money laundering, Waseem Ahmad Khan, Additional Director, Securities and Exchange Commission of Pakistan (SECP) said on Wednesday. He was addressing at a seminar organized by Karachi Tax […]

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