Islamabad: The Federal Board of Revenue (FBR) has called a high-level meeting to review the progress on the implementation of the action plan devised in collaboration with the Financial Action Task Force (FATF) for curbing money-laundering cases in the country, a news source reported.
As per FBR officials, the meeting will also evaluate the performance of the Directorate of Customs Intelligence and Investigation. The session’s objectives are expected be similar to those of the FATF meeting recently held in Australia.
The participants would review the progress on the cases concerning Sundar Trading Company, Quantal Technologies and Comprehensive Business International, and KK Metal Industries and Khurram Steel Mills, among other terrorism financing and anti-money laundering cases.
Previously, the federal government had given orders to several institutions, including the FBR, to complete special tasks as per the guidelines of the financial monitoring units (FMUs) and submit reports on their progress and results.
