{"id":83413,"date":"2022-01-27T15:18:45","date_gmt":"2022-01-27T10:18:45","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=83413"},"modified":"2022-01-27T15:18:50","modified_gmt":"2022-01-27T10:18:50","slug":"fbr-imposes-restrictions-on-registered-realtors","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-imposes-restrictions-on-registered-realtors.html","title":{"rendered":"FATF Conditions: FBR imposes more restrictions on registered real estate agents"},"content":{"rendered":"\n<p>Islamabad: In order to meet the conditions set by the Financial Action Task Force (FATF), the Federal Board of Revenue (FBR) has implemented more restrictions on registered real estate agents, according to a news published on January 25.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-deadline-valuation-rates.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR asked to extend deadline for implementation of valuation rates<\/a><\/p>\n\n\n\n<p>The FBR posted a notification on Tuesday which outlined that new conditions, under which all business deals with people convicted for crimes will be banned. The real estate firms\u2019 executives will also be facing scrutiny. It is ruled that a convicted person cannot work at Designated Non-Financial Business and Professions (DNFBP).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-72-mn-citizens-nadra-tax-base.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR shares details of 7.2 million citizens with NADRA to broaden tax base<\/a><\/p>\n\n\n\n<p>The FATF has highlighted certain \u2018non-financial\u2019 businesses for their susceptibility to money laundering and terror financing, and real estate dealers and developers top the list. Under the new regulations, a convicted person cannot become a beneficial owner or hold a senior position in DNFBPs. These regulations aim to effectively expel all convicts from the property sector.<\/p>\n\n\n\n<p>The property dealers and other DNFBPs will also be required to report changes in beneficial owners of senior executives to the government. \u00a0Previously, the government made it mandatory for <a href=\"https:\/\/www.zameen.com\/news\/dha-bahawalpur-deadline-dealers-registration.html\" target=\"_blank\" rel=\"noreferrer noopener\">realtors <\/a>to get registered with the board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: In order to meet the conditions set by the Financial Action Task Force (FATF), the Federal Board of Revenue (FBR) has implemented more restrictions on registered real estate agents, according to a news published on January 25. Read: FBR asked to extend deadline for implementation of valuation rates The FBR posted a notification on Tuesday which outlined that new conditions, under which all business deals with people convicted for crimes will be banned. The real estate firms\u2019 executives will also be facing scrutiny. It is ruled that a convicted person cannot work at Designated Non-Financial Business and Professions (DNFBP). Read: FBR shares details of 7.2 million citizens with NADRA to broaden tax base The FATF has highlighted certain \u2018non-financial\u2019 businesses for their susceptibility to money laundering and terror financing, and real estate dealers and developers top the list. Under the new regulations, a convicted person cannot become a beneficial owner or hold a senior position in DNFBPs. These regulations aim to effectively expel all convicts from the property sector. The property dealers and other DNFBPs will also be required to report changes in beneficial owners of senior executives to the government. \u00a0Previously, the government made it mandatory for realtors&hellip;<\/p>\n","protected":false},"author":75,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[47857,50818,19230],"persona":[],"class_list":{"0":"post-83413","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-designated-non-financial-business-and-professions-dnfbps","10":"tag-fatf-conditions-fbr-imposes-more-restrictions-on-registered-real-estate-agents","11":"tag-federal-board-of-revenue-fbr","12":"cat-15016-id","13":"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 imposes more restrictions on registered realtors - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: In order to meet the conditions set by the Financial Action Task Force (FATF), the Federal Board of Revenue (FBR) has implemented more\" \/>\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-imposes-restrictions-on-registered-realtors.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR imposes more restrictions on registered realtors - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: In order to meet the conditions set by the Financial Action Task Force (FATF), the Federal Board of Revenue (FBR) has implemented more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-imposes-restrictions-on-registered-realtors.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=\"2022-01-27T10:18:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-27T10:18:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.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=\"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 imposes more restrictions on registered realtors - Zameen News","description":"Islamabad: In order to meet the conditions set by the Financial Action Task Force (FATF), the Federal Board of Revenue (FBR) has implemented more","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-imposes-restrictions-on-registered-realtors.html","og_locale":"en_US","og_type":"article","og_title":"FBR imposes more restrictions on registered realtors - Zameen News","og_description":"Islamabad: In order to meet the conditions set by the Financial Action Task Force (FATF), the Federal Board of Revenue (FBR) has implemented more","og_url":"https:\/\/www.zameen.com\/news\/fbr-imposes-restrictions-on-registered-realtors.html","og_site_name":"Pakistan Real Estate News &amp; 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