FIA directed to take comprehensive action against hundi, hawala


Prime Minister (PM) Imran Khan Sunday ordered launching of a crackdown against hundi and hawala businesses and individuals buying properties abroad, according to a private media outlet.

The PM directed the Federal Investigation Agency (FIA) to take action against those involved in illegal money transaction business and purchasing properties abroad through illegal means and ordered them to keep its offices open throughout the day in Karachi while teams were formed for action against bitcoin and sell of illegal cards of foreign TV channels.

Earlier on November 30, PM Khan had directed the authorities concerned to finalise a new legislation to effectively deal with the offences related to money laundering.

Chairing a high-level meeting at his office, Imran Khan had also directed to further strengthen the existing laws to effectively check hawala and hundi and other illegal practices that were negatively impacting the economy of the country.

It was decided during the meeting that State Bank of Pakistan (SBP), being the regulatory authority in the banking sector, would take action against elements who were involved in facilitating opening and operation of fake bank accounts in the country, read the statement.

The meeting also decided that necessary amendments would be introduced in the existing laws including Anti-Money Laundering Act 2010 to further strengthen these laws for effectively dealing with the cases of money laundering and other illegal practices.


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