The Federal Board of Revenue for the first time decided to set up an Anti-Money Laundering Wing in the Directorate General of Intelligence and Investigation to exclusively detect, investigate and prosecute those involved in financial crimes and money laundering through transfer of unexplained funds or undisclosed income abroad.
Sources told Business Recorder here on Thursday that the proposed Anti-Money Laundering Wing of the intelligence directorate of FBR would play a key role in taking action against the organised gangs, involved in financial crimes and money laundering. This is for the first time the customs intelligence department would be directly involved in detection and prosecution of the anti-money laundering cases.
The proposed Anti-Money Laundering Wing would directly investigate or co-ordinate inquiry into organised tax evasion, tax fraud, money laundering and financial crimes in close liaison with empowered agencies under any Pakistani law.
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