The Federal Board of Revenue (FBR) investigations have unearthed that close to 10,000 people were allegedly involved in tax evasion and possible money laundering after tracing their cash transactions, reported The News.
The bureau is also looking into affairs of non-governmental organisations (NGOs) and International non-governmental organisations (INGOs) for their alleged involvement in money laundering and terror financing.
FBR sources told to The News on Friday that they have so far received multiple complaints of alleged money laundering and terror financing. They added that the bureau has already launched investigations against 36 to 40 of those cases.
The FBR has been pursuing cases of alleged tax evasion, money laundering and terror financing in order to comply with Financial Action Task Force (FATF) conditions.
The bureau had received multiple reports that people had set up fake companies. But they were instead being used for money laundering and terror financing. In such instances, the use of NGOs and INGOs were also found.
