The Federal Board of Revenue (FBR) will share major cases of currency seizure, with possible involvement in terrorism financing, with the Counter Terrorism Department (CTD) to investigate any links to terrorism financing (TF).
On Wednesday, the FBR issued Customs General Order No. 01 of 2023 to issue guidelines for Strengthening Sustainability & Effectiveness of Anti-Money Laundering (AML)/Counter Financing Terrorism (CFT).
The new guidelines shall be observed by the various Customs formations in relation to cases made out against persons on account of predicate offences, as listed in Schedule-I of the Anti-Money Laundering Act, 2010, under the Customs Act, 1969.
The FBR stated that the Customs and CTD shall continue to use the existing inter-agency coordination mechanism, including the Border Task Force (BTF) forum, for mutual information sharing, cooperation and coordination against organized crimes, including money laundering and terrorism financing. During the investigation of predicate offences, the investigating officer of Customs will keep the checklist in view while considering whether a case qualifies to be referred to CTD or not.
All cases of currency seizure, emanating from smuggling, misdeclaration or non-declaration of currency, bearer negotiable instruments, gold, jewelry, precious metals, gemstones, narcotics, psychotropic substances, or antiques under the relevant provisions of the Customs Act, 1969, in which, based on the scrutiny of documents, record, and or statements, one or more of the following criteria is/are met, shall be referred on prescribed format to the CTD of the concerned province under intimation to the Director, Directorate of Cross Border Currency Movement (CBCM):
During the investigation under the Customs Act, 1969 of a predicate offence under AMLA, 2010 the investigating officer shall remain vigilant to the possibility of TF element in the case and if there is reason to believe that the accused is involved in TF, the case may be referred to CTD for a parallel investigation into the TF element, FBR’s instructions added