FATF requirements to be meet by FBR on auditing property dealerships – Ukaaj.com | A great real estate is HERE !

FATF requirements to be meet by FBR on auditing property dealerships

  • 2 months ago
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Islamabad: News source reports, the government has announced its decision to audit property dealers’ officers across the country to comply with the Financial Action Task Force (FATF) regulations on Monday.
The actions follow the FATF’s review decision to maintain Pakistan on the grey list. The government has complied with Fata’s requirement that real estate developers be registered with central monitoring agencies to monitor questionable real estate activity.
The Department of Inland Revenue of the Federal Board of Revenue (FBR) will inspect the offices of the registered property dealers across Pakistan during the proceedings.
After the budget is announced, authorities will be inspecting offices of realtors and other DNFBP’s (including investors, developers, jewelers). This operation is expected to better Pakistan’s position improve the business environment in the country, and get it off from the grey list.

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