Lahore: The Federal Board of Revenue (FBR)’s Directorate General Intelligence & Investigation (I&I) Inland Revenue (IR) recently announced its decision to intensify its operation against tax evaders and individuals involved in money laundering, a news source reported.
The department plans to take stricter action against offenders, which will include carrying out raids, registration of FIRs, and trial by special judges. According to sources, the FBR department has ordered its regional directors to freely take action against those found involved in tax fraud, tax evasion, and money laundering according to the relevant provisions of the law. The department wants to specifically focus on high-level tax evaders. On this front, the department plans to intensify its efforts throughout the country.
Previously, the government had restored I&I IR as an
investigating and prosecuting agency under section 2(j) of the AML Act 2010. Consequently,
the Anti-Money Laundering (AML) Cell of the I&I IR has the authority to
receive and review financial intelligence, such as suspicious transaction
reports, from the Financial Monitoring Unit (FMU) of the State Bank of Pakistan
(SBP).
