FIA and Police to Jointly Solve Money Laundering Cases – RS News

FIA and Police to Jointly Solve Money Laundering Cases

FIA and Police to Jointly Solve Money Laundering Cases – FIA has signed an MoU with the police forces of Sindh and Punjab.

FIA and Police to Jointly Solve Money Laundering Cases

The Federal Investigation Agency (FIA) of Pakistan will not assist provinces to resolve money laundering cases under its special desk in the headquarters.

The FIA has signed an MoU with the police forces of Sindh and Punjab where it is pledged that all the state institutions will facilitate FIA’s Anti Money-Laundering cell.

These related cases will be shifted to FIA under the Money Laundering Act while the police will continue to investigate the aspects of criminality in them.

The FIA directors and police additional IGs will be in a loop to investigate the cases.

Prior to this amendment, the FIA was limited to dealing with federal-level cases and the cooperation between police and the related unit was rare.

The counter-terrorism department of police had frequently booked cases under the related sections but the absence of amendments in the Police Act hindered investigations and limited police authority.

After this development, according to the report, the police and FIA will deal with all such cases jointly and all the regulatory bodies and state institutions will cooperate with them when necessary.

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