FBR Increases Monitoring of DNFBPS to Meet FATF Targets
Islamabad: A news source said that the Federal Board of Revenue (FBR) has enhanced monitoring of Designated Non-Financial Businesses and Professions (DNFBPs) in order to execute anti-money laundering (AML) and counter financing of terrorism (CFT) requirements.
The government and the Financial Action Task Force (FATF) agreed on the rules to combat money laundering and terror funding.
According to the information provided, the government of Pakistan designated the FBR as the authorized AML and CFT regulatory authority to oversee real estate brokers and precious metals and stones merchants (DPMS).
In addition, FBR established an app and website with a list of banned individuals and their CNICs in order to generate real-time Suspicious Transaction Reports (SRTs).
It disclosed that FBR had met the FATF’s targets in a single reporting cycle before the September 2022 deadline targets in a single reporting cycle before the September 2022 deadline, it was disclosed. In this context, DNFBP Director General Mohammad Iqbal and his team conducted inspections of a number of DNFBPs and issued substantial fines.
For more updates, stay tuned to Al Sadat Marketing News!
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005