{"id":60523,"date":"2020-01-27T07:38:35","date_gmt":"2020-01-27T07:38:35","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=60523"},"modified":"2020-01-27T07:38:36","modified_gmt":"2020-01-27T07:38:36","slug":"fbr-identifies-money-laundering-remote-areas","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-identifies-money-laundering-remote-areas.html","title":{"rendered":"FBR identifies cases of money laundering in remote areas"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR)\u2019s Directorate General of Intelligence and Investigation (DG I&amp;I) has identified various instances of financial transactions wherein several business entities stowed away money in remote country locations to evade taxes, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/businesses-should-call-reforms.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Businesses should initiate calls for documentation: FBR Chief (opens in a new tab)\">Businesses should initiate calls for documentation: FBR Chief<\/a><\/p>\n\n\n\n<p>According\nto details, preliminary investigation on the subject has revealed tax evasions\namounting to billions in three money laundering cases. To this effect, an\nofficial said that the government had launched an investigation to unearth the\norigins of these accounts and aimed to tax this amount under the relevant laws.<\/p>\n\n\n\n<p>He added that these cases would be tried under the Anti-Money Laundering Act, 2010, and Benami (Prohibitions) Act, 2017. The official opined that these investigations were part of the government\u2019s attempt to document the economy and bring everybody under the tax net.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/banks-share-transaction-details-with-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Banks to share transaction details with FBR (opens in a new tab)\">Banks to share transaction details with FBR<\/a><\/p>\n\n\n\n<p>According\nto reports, DG I&amp;I has filed three cases against different individuals\nwhose accounts greatly exceed the amounts suggested by their tax declarations. <\/p>\n\n\n\n<p>Moreover, the regional I&amp;I directorates in Faisalabad, Peshawar, Multan, and Islamabad have conducted raids on properties of various suspected <a href=\"https:\/\/www.zameen.com\/news\/fbr-intensify-operation-against-tax-evaders.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"tax evaders (opens in a new tab)\">tax evaders<\/a> in different sectors. <\/p>\n\n\n\n<p>The\nofficial revealed that proceedings in all these cases were underway; adding\nthat the department had received orders to complete the investigations on a\ntimely basis. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR)\u2019s Directorate General of Intelligence and Investigation (DG I&amp;I) has identified various instances of financial transactions wherein several business entities stowed away money in remote country locations to evade taxes, according to news sources. Read: Businesses should initiate calls for documentation: FBR Chief According to details, preliminary investigation on the subject has revealed tax evasions amounting to billions in three money laundering cases. To this effect, an official said that the government had launched an investigation to unearth the origins of these accounts and aimed to tax this amount under the relevant laws. He added that these cases would be tried under the Anti-Money Laundering Act, 2010, and Benami (Prohibitions) Act, 2017. The official opined that these investigations were part of the government\u2019s attempt to document the economy and bring everybody under the tax net. Read: Banks to share transaction details with FBR According to reports, DG I&amp;I has filed three cases against different individuals whose accounts greatly exceed the amounts suggested by their tax declarations. Moreover, the regional I&amp;I directorates in Faisalabad, Peshawar, Multan, and Islamabad have conducted raids on properties of various suspected tax evaders in different sectors. The official revealed that&hellip;<\/p>\n","protected":false},"author":75,"featured_media":59990,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15017],"tags":[16286,7953],"persona":[],"class_list":{"0":"post-60523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-notices-announcements","9":"tag-details-on-fbr-identifies-cases-of-money-laundering-in-remote-areas","10":"tag-money-laundering","11":"cat-15015-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR identifies cases of money laundering in remote areas - Zameen News<\/title>\n<meta name=\"description\" content=\"Directorate General of Intelligence &amp; Investigation (DG I&amp;I) has identified transactions wherein businesses hid money in remote locations to evade taxes\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-identifies-money-laundering-remote-areas.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR identifies cases of money laundering in remote areas - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Directorate General of Intelligence &amp; Investigation (DG I&amp;I) has identified transactions wherein businesses hid money in remote locations to evade taxes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-identifies-money-laundering-remote-areas.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-27T07:38:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-27T07:38:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR identifies cases of money laundering in remote areas - Zameen News","description":"Directorate General of Intelligence & Investigation (DG I&I) has identified transactions wherein businesses hid money in remote locations to evade taxes","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-identifies-money-laundering-remote-areas.html","og_locale":"en_US","og_type":"article","og_title":"FBR identifies cases of money laundering in remote areas - Zameen News","og_description":"Directorate General of Intelligence & Investigation (DG I&I) has identified transactions wherein businesses hid money in remote locations to evade taxes","og_url":"https:\/\/www.zameen.com\/news\/fbr-identifies-money-laundering-remote-areas.html","og_site_name":"Pakistan Real Estate News &amp; 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