FBR TO PROBE ALL PROPERTY AGENT FOR REGISTERING & REPORT SUSPICIOUS TRANSACTION – Ukaaj.com | A great real estate is HERE !

FBR TO PROBE ALL PROPERTY AGENT FOR REGISTERING & REPORT SUSPICIOUS TRANSACTION

  • 7 months ago
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FBR TO PROBE ALL PROPERTY AGENT FOR REGISTERING & REPORT SUSPICIOUS TRANSACTION

FBR has issued written notices to 22,000 property dealers across Pakistan to get registered on the board’s website as Designated Non-Financial Businesses and Professions (DNFBPs) this action is taken to comply (FATF) requirements. Real estate agents, property dealers, jewellers, brokers, housing authorities and developers have been asked to help raise Suspicious Transaction Reports (STRs).

FBR’s Financial Monitoring Unit (FMU) is now vigilantly prepared & have made a list of red flags for ascertaining Money Laundering or Terror Financing as per FATF requirements.

Real Estate Consultants Association (RECA) DHA also reached out to the authorities including Minister for Finance Dr Abdul Hafeez Shaikh, Special Assistant to PM on this matter

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