ISLAMABAD – Federal Board of Revenue is taking vigorous actions to counterillicit movement of currency, which is the primary tool used for moneylaundering and moving proceeds of crime in and out of the country.
In a statement today, the bureau said the effective control measures led torecord seizures of approximately 450 million rupees during July 2018 toApril this year. It said that it was 150 million in the correspondingperiod last year exhibiting an increase of more than 200 percent.
It said during the current year more than 30 persons have been arrested forcurrency smuggling, with ongoing investigations to unearth their domesticand international linkages.
