Pakistan Revenue
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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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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ISLAMABAD: The Federal Board of Revenue (FBR) has granted enhanced powers to Inland Revenue (IR) officers to closely monitor transactions conducted by jewelers, real estate agents, and accountants in an effort to curb money laundering activities.
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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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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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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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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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ISLAMABAD – The Federal Board of Revenue (FBR) has announced a significant move to enhance its authority in dealing with undisclosed offshore assets, as outlined in the proposals of the Finance Supplementary (Second Amendment) Bill, 2019.
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