Islamabad: The federal government has announced investigations against those involved in the wrong usage of the amnesty schemes and the investment schemes. The sources of the ministry of treasury has instructed the monitoring unit to instruct all the financial organization and FBR units to formulate guidelines to help in identifying the culprits involved in the wrong usage of the amnesty schemes and the investment schemes.
According to the modifications in the money laundering act, stealing taxes has also been termed as money laundering and the people involved in stealing taxes will be dealt according to regulations. But until the new modification in the money laundering act is materialized, Pakistan has an agreement with IMF to create a list of the tax defaulters and those wrongfully using the amnesty schemes and the investment schemes. These people will be tried in court under the newly modified money laundering act.
According to sources, prior to the modifications in the money laundering act, new guidelines will be issued for the financial monitoring unit federal board of revenue and the other financial organizations. Sources quoted that the investment schemes of 2013 were a complete failure as about 450 non-registered and non-filers have given taxes, which are less than 15 Crore rupees.