ISLAMABAD, Pakistan: In a bide to gain the trust of local and international financial institutions, the government has decided to take action against criminals involved in money laundering to hide their assets or income obtained through illegal activities.
According to sources, the Federal Investigation Agency (FIA) has decided to freeze the bank accounts of 72 proclaimed offenders involved in money laundering including government employees.
As reported by private TV channel ARY News, the FIA has decided to freeze the bank accounts of 72 wanted proclaimed offenders involved in money laundering and other cases including government employees, and take action against them under the Anti-Money Laundering Act.
According to the report, the FIA’s Anti-Corruption Cell has written a letter to the Anti-Money Laundering Cell, providing a list and details of the proclaimed offenders involved in money laundering cases. The report also recommends blacklisting these proclaimed offenders.
The letter further recommends taking action under the Anti-Money Laundering Act against the 72 proclaimed offenders including government employees, wanted in money laundering and other cases. The Anti-Corruption Cell has suggested further steps be taken to advance the matter.
It is worth noting that globally, income obtained through illegal means is often hidden through money laundering and is sometimes used to finance terrorism. Various laws have been enacted to combat this. In Pakistan, the system to counter the financing of terrorism is governed by the UN regulations and national financial restrictions.
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