Over 10,000 money launderer and tax evaders targeted by FBR

ISLAMABAD: Over 10,000 money launderer and tax evaders targeted by FederalBoard of Revenue (FBR).

FBR has found about 10,000 people allegedly involved in tax evasion andmoney laundering. The bureau is also checking affairs of Non ProfitOrganisations (NPOs) and International Non Profit Organisations (INPOs) fortheir alleged involvement in money laundering and terror financing.

The FBR officials said they received complaints of money laundering andterror financing. Following the complaints they have started formalinvestigation in 36 to 40 cases. The FBR’s move comes to comply withFinancial Action Task Force (FATF) conditions.

There were numerous complaints that different kinds of methods were appliedto establish any outfit on the front but it was used for the purpose ofmoney laundering and terror financing.

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In such cases, the use of NGOs and INGOs were also found and in some casesthe FBR started investigation to get details of money trail.