Money laundering: FBR begins probe against 16 individuals

ISLAMABAD: Directorate General of Intelligence and Investigation (Customs), Federal Board of Revenue (FBR) has started an investigation against 16 rich individuals on charges of money laundering.

It is learnt that the Directorate of Intelligence and Investigation (Customs) has written a letter to Federal Investigative Agency (FIA) Directors of Gilgit-Baltistan, Multan, Peshawar, Islamabad, Quetta, Lahore, and Karachi concerning the provision of information under section 25 of the Anti-Money Laundering Act, 2010.

According to the letter, the directorate said that it is conducting an inquiry under the Anti-Money Laundering Act, 2010, and has requested the FIA Directors to provide information regarding any offence detected/criminal record within their jurisdiction in respect of individuals.

In case of any such detection, they have been asked to provide supporting documents such as the FIR, and judgment of the relevant court to the directorate for further necessary action under the Anti-Money Laundering Act, the letter added.

Copyright Business Recorder, 2023