ISLAMABAD: The Federal Board of Revenue has formed a directorate to curbmoney laundering, according to a notification issued by the top revenuecollection body on Friday.
The newly constituted ‘Directorate of Cross-border Currency Movement’ wouldinvestigate cases pertaining to money laundering charges and it wouldfunction under the Customs Intelligence, the notification read.
The directorate would prepare reports on suspicious transactions andcurrency smuggling and would table them before the Finance Management Unit.
Earlier, Shabbar Zaidi formally took charge as the new chairman of FederalBoard of Revenue.
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Zaidi expressed that he would try to bring those people in the tax net thatare currently not paying any taxes to the government, adding that taxpayerswould not be given any trouble.
Commending the FBR staff for their hardworking, he said he would try toform a close liaison with the existing staff.
