Pakistan investigated 800 cases of money laundering in 13 months, confiscated 58 billion

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Pakistan investigated 800 cases of money laundering in 13 months, confiscated 58 billion


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More than 800 cases of money laundering were reported in Pakistan, which were investigated during the last 13 months.

According to sources, Pakistan has seized assets worth 58 billion by investigating more than 800 cases of money laundering during the last 13 months.

According to the sources, Pakistan processed 26 thousand 630 international applications regarding money laundering.

According to sources, the Federal Board of Revenue (FBR) oversees more than 1,700 designated non-financial businesses and funds.

According to sources, the FBR has imposed penalties of Rs 35 crore while bringing the real estate sector under the ambit of compliance.

According to sources, the Securities and Exchange Commission of Pakistan (SECP) imposed fines of over 2 billion rupees in legal compliance.



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