January 29, 2024 (MLN): There is a need for sustained collaboration between Federal Board of Revenue (FBR) and Financial Monitoring Unit (FMU) for development of quality financial intelligence on tax evasion and its optimal utilization in investigations, Chairman of FBR emphasized while addressing the ceremony of the FBR-FMU Joint Workshop on Financial Intelligence for Tax Evasion.
The Workshop was organized with the assistance of FCDO’s UPSCALE Programme in FBR headquarters on January 27-28, 2024.
Chairman FBR Malik Amjed Zubair Tiwana desired for further enhancement of this partnership to achieve the unanimous goal of combating illicit finance, said a press release issued on Monday.
Lubna Farooq, Director General of FMU, underscored the need for sustained coordination between FBR and FMU for enhancing the knowledge base and promoting mutual understanding for combating tax fraud and tax evasion.
This collaborative approach, she said, will enhance the effectiveness of investigations and contribute to a more robust and interconnected framework for combating financial crimes.
The workshop was also attended by the analysts of FMU and investigating officers of the Directorate General of Intelligence and Investigation-Inland Revenue.
The workshop focused on identifying and understanding risk areas for financial intelligence on tax crimes.
