Abb Takk News

Federal Govt Forms Directorate To Eradicate Money Laundering

ISLAMABAD: Federal government has formed a directorate to curb money laundering, according to a notification issued by Federal Board of Revenue (FBR) on Friday.

The newly constituted Directorate of ‘Cross-border Currency Movement’ will investigate cases pertaining to money laundering charges and it would function under the Customs Intelligence, the notification read.

It will prepare reports on suspicious transactions and currency smuggling and will table it to Finance Management Unit.

Moreover, it will also investigate cases pertaining to money laundering charges.