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FBR- set up committee to tackle money laundering

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…

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