{"id":78168,"date":"2021-07-27T14:30:19","date_gmt":"2021-07-27T09:30:19","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=78168"},"modified":"2021-07-27T14:30:24","modified_gmt":"2021-07-27T09:30:24","slug":"fbr-audit-dealerships-meet-fatf-requirements","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-audit-dealerships-meet-fatf-requirements.html","title":{"rendered":"FBR to audit property dealerships to meet FATF requirements"},"content":{"rendered":"\n<p>Islamabad: The government on Monday (July 26) has announced its decision to audit property dealers&#8217; offices across the country in a bid to comply with the Financial Action Task Force (FATF) regulations, news sources reported.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-notices-served-realtors.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR notices served to realtors regarding legal compliance<\/a><\/p>\n\n\n\n<p>The actions follow the FATF&#8217;s review decision to maintain Pakistan on the grey list. The government has complied with the FATF requirement of registering real estate developers with central monitoring agencies in order to monitor questionable real estate activity.<\/p>\n\n\n\n<p>During the proceedings, the Department of Inland Revenue of the Federal Board of Revenue (FBR) will audit the offices of the registered property dealers across Pakistan. Previously, the FBR has registered over 22,000 property dealers, as realtors were declared <a href=\"https:\/\/www.zameen.com\/news\/fbr-launch-dnfbps-web-portal-realtors.html\" data-type=\"post\" data-id=\"72590\" target=\"_blank\" rel=\"noreferrer noopener\">Designated Non-Financial Business and Professions (DNFBPs)<\/a> that will help track suspicious transactions under Anti-Money Laundering Act, 2010.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fatf-pakistans-rating-31-accounts.html\">FATF impr<\/a><a href=\"https:\/\/www.zameen.com\/news\/fatf-pakistans-rating-31-accounts.html\" target=\"_blank\" rel=\"noreferrer noopener\">o<\/a><a href=\"https:\/\/www.zameen.com\/news\/fatf-pakistans-rating-31-accounts.html\">ve Pakistan\u2019s rating on 31 accounts<\/a><\/p>\n\n\n\n<p>Previously, it was announced that authorities will be inspecting offices of realtors and other DNFBPs (including investors, developers, jewellers) after the budget is announced. This maneuver is expected to improve Pakistan&#8217;s position and get it off the grey list to improve the business environment in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government on Monday (July 26) has announced its decision to audit property dealers&#8217; offices across the country in a bid to comply with the Financial Action Task Force (FATF) regulations, news sources reported.\u00a0 Read: FBR notices served to realtors regarding legal compliance The actions follow the FATF&#8217;s review decision to maintain Pakistan on the grey list. The government has complied with the FATF requirement of registering real estate developers with central monitoring agencies in order to monitor questionable real estate activity. During the proceedings, the Department of Inland Revenue of the Federal Board of Revenue (FBR) will audit the offices of the registered property dealers across Pakistan. Previously, the FBR has registered over 22,000 property dealers, as realtors were declared Designated Non-Financial Business and Professions (DNFBPs) that will help track suspicious transactions under Anti-Money Laundering Act, 2010. Read: FATF improve Pakistan\u2019s rating on 31 accounts Previously, it was announced that authorities will be inspecting offices of realtors and other DNFBPs (including investors, developers, jewellers) after the budget is announced. This maneuver is expected to improve Pakistan&#8217;s position and get it off the grey list to improve the business environment in the country.<\/p>\n","protected":false},"author":84,"featured_media":76802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[21008,33954,47070],"persona":[],"class_list":{"0":"post-78168","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fatf-regulations","9":"tag-fatf-requirements","10":"tag-fbr-to-audit-property-dealership","11":"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 to audit property dealerships in FATF requirements- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The government on Monday (July 26) has announced its decision to audit property dealers&#039; offices across the country in a bid to comply with the\" \/>\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-audit-dealerships-meet-fatf-requirements.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to audit property dealerships in FATF requirements- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The government on Monday (July 26) has announced its decision to audit property dealers&#039; offices across the country in a bid to comply with the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-audit-dealerships-meet-fatf-requirements.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=\"2021-07-27T09:30:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-27T09:30:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/06\/fatf.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nauman Ahmad\" \/>\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=\"Nauman Ahmad\" \/>\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 to audit property dealerships in FATF requirements- Zameen News","description":"Islamabad: The government on Monday (July 26) has announced its decision to audit property dealers' offices across the country in a bid to comply with the","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-audit-dealerships-meet-fatf-requirements.html","og_locale":"en_US","og_type":"article","og_title":"FBR to audit property dealerships in FATF requirements- Zameen News","og_description":"Islamabad: The government on Monday (July 26) has announced its decision to audit property dealers' offices across the country in a bid to comply with the","og_url":"https:\/\/www.zameen.com\/news\/fbr-audit-dealerships-meet-fatf-requirements.html","og_site_name":"Pakistan Real Estate News &amp; 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