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FBR forms team to eliminate money laundering & terror financing

FBR forms team to eliminate money laundering & terror financing

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a team including other Law Enforcement Agencies (LEAs) under operation wing of FBR to eliminate cash smuggling and terror financing through all seven border entrances.

The office order issued in this regard stated that teams comprising officials from the relevant preventive Collectorates and the regional Directorates of Customs Intelligence and Investigation have been constituted at seven borders crossing points viz Torkham, Ghulam Khan, Kharlachi, Chaman, Taftan and Wahga. One of the members of the team has also been made the focal person for coordination with other LEAs (law enforcement agencies).

Further as per decision made by the Federal Minister of Economic Affairs Division, other LEAs such as (FIA) Federal Investigation Agency Provincial, (CTD) Counter Terrorism Department and Frontier Crops KP (Khyber Pakhtoonkhwa) and Balochistan would also nominate a representative of their departments in the team for the aforesaid seven border points.

This team is tasked with monitoring the movement of persons across the border points and detect and investigate the cases of illicit movement of currency especially with respect to terror financing aspects. This initiative would synergise the efforts of the LEAs working in anti money laundering and counter terror financing area and improve information sharing mechanism as well as contribute towards effective investigation and prosecution of currency smuggling cases.