FBR recovered Rs 6.6bn during money laundering probe, PM told

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ISLAMABAD: Prime Minister Imran Khan on Monday chaired a key meeting to review measures curbing money laundering and reiterated those involved in the illegal practice do not deserve any concession and their reality should be exposed before the nation, ARY News reported.

The meeting was attended by Finance Minister Asad Umar, PM’s special assistant Shehzad Akbar, Iftikhar Durrani, governor State Bank Tariq Bajwa, secretary interior, director general Federal Investigation Authority (FIA), chairman Federal Board of Revenue (FBR).

During the meeting, PM Khan was briefed that about the 247 million rupees fine to different banks in fake accounts had been imposed and investigation against 109 officers is in progress. It was also informed that hurdles were being removed for Afghan migrants from opening bank accounts in Pakistan.

Read: Money launderers deserve no leniency, asserts PM Khan

The PM was informed that 8,707 suspicious transactions were detected last year.

“The FBR conducted probe of more than 500 cases and recovered Rs 6.6 billion.”

The prime minister said money laundering was an evil which caused an irreparable loss to the country economy.

The meeting was also briefed about steps being taken to trace out suspects.

It was briefed to the Prime Minister that memoranda of understandings are being signed with UK, Australia, UAE, Qatar, to enhance information in financial intelligence sharing.

Prime Minister Imran Khan has said that the elements involved in money laundering do not deserve any concession and their reality should be exposed before the nation.

He directed to further activate financial monitoring units across the country. He termed money laundering a menace for the country.

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