The Federal Board of Revenue (FBR) constitutes a Multi-Agency Money Laundering (ML) Testing and Seizure Committee, with ratification of national anti-money laundering schemes and the follow-up of MLG inspection and theft of stolen assets.
In this regard, the FBR’s FATF has recently issued a notification to combat cell money laundering and terrorist financing effectively.
According to the notification committee, the National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Anti-narcotics Force (ANF), FBR Customs, FBR Inland Revenue, Financial Monitoring Unit, FTF Secretary There will be representatives. Representatives of the Provincial Anti-Terrorism Department (CTD) and intelligence agencies. The DGFETF will chair the secretariat committee.
Under the Regulation of the MLL Investigation and Mitigation Committee of the Multi-Agency, the Committee shall ensure coordination and coordination procedures between Member Organizations and law enforcement agencies. The committee proposes improvement in overall domestic cooperation on ML investigations and confiscation issues through information exchange between law enforcement agencies, FMUs, intelligence agencies.
The Committee will review and review the progress of the cases related to the law of the L.A. sitting in various law jurisdictions, as well as progress on finalizing the cases and confiscating the assets involved. The Committee is empowered to implement procedures for information exchange in the area of international cooperation and money laundering.
The Committee is empowered to inform the General Committee on the effective implementation of common national and international trends, policies, developments, National AML Action Plan, Joint Operational Action Plan, staff training opportunities, resource allocation. Discusses, reviews and recommends. And other technical requirements.
The Committee shall have the authority to ensure coordination with authorized officers to enforce the rules of the Legislature and to seize the assets contained in the laws and the ML for investigation against money laundering.
The committee will implement and follow national anti-money laundering plans and programs on ML investigations and the seizure of stolen assets.
ALSO CHECK: Indus Valley Capital-collected $ 17.5 million