To stop money laundering and financing of terrorism, the federal government has decided to limit the usage of cash and enact reforms in the real estate industry.
According to a private television channel, these choices were taken during a meeting held in the first week of May by the National Anti-Money Laundering and Counter Financing of Terrorism Authority, which was presided over by Ahmed Sukera.
Ehsan Sadiq, a BPS-21 official, was also named director general of the Authority during the meeting. After the pertinent rules and regulations are finalized, permanent staff will be hired to operationalize the authority, with other officials being appointed on a deputation basis.
The Internal National Action Plan (INAP) regarding cash in organized crime was examined in the meeting as it was being implemented. The national exchequer suffered large income losses as a result of the identification of unregistered real estate enterprises as involved in money laundering. The authority chose to ask provinces for recommendations on improvements for the real estate industry.
Amidst an increase in terrorist assaults, the federal government declared in March that it would be restructuring the National Counter-Terrorism Authority (Nacta).
