Federal Board of Revenue (FBR) has fulfilled another condition of the Financial Action Task Force (FATF) as 22,000 property dealers get registered with the FBR, nationwide.
As per sources, the registered property dealers are supposed to hand in information regarding suspicious investors to the FBR. It would help in the identification of suspicious investors.
In this way, the money used in money-laundering would also be reported to the FBR by the registered property dealers.
Black money cases will also be reported to the FBR by the registered property dealers, sources added.