The Federal Board of Revenue (FBR) has tightened its oversight of businesses and professionals covered under anti-money laundering rules across Pakistan.

The FBR has amended the Designated Non-Financial Businesses and Professions Regulations, 2020, and assigned new supervisory powers to its officers to improve monitoring and enforcement under the Anti-Money Laundering Act.

Under the revised system, the Director General DNFBPs will oversee supervision across Pakistan. Directors, additional directors, deputy directors, assistant directors and inspectors will handle cases within their assigned areas.

The FBR has divided supervisory responsibilities among Islamabad, Karachi, Lahore, Quetta and Khyber Pakhtunkhwa, covering cases handled by the relevant Large Taxpayer Offices and Regional Tax Offices.

The new arrangement covers tax offices in Rawalpindi, Islamabad and Gilgit-Baltistan under the Islamabad jurisdiction; Karachi’s major tax offices; and several tax offices across Punjab under Lahore.

Quetta will supervise cases handled by the Regional Tax Office Quetta, while the Khyber Pakhtunkhwa jurisdiction will cover the Regional Tax Offices in Peshawar and Abbottabad.

The FBR can also assign a specific case or charge to any officer when required.

The changes are aimed at making supervision of designated non-financial businesses and professions more effective and strengthening Pakistan’s efforts to prevent money laundering and terrorist financing.