Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Pakistan Customs Discovers Massive $1.69 Million Money Laundering Plot

Discover the shocking $1.69 million money laundering scheme uncovered by Pakistan Customs. Explore the details of this significant investigation.

Pakistan Customs Discovers Massive $1.69 Million Money Laundering Plot

The Customs Intelligence Karachi is checking 12 people to see if they did something wrong with money. They think these 12 people sent $1.69 million to other countries using illegal ways.

The papers say that the Intelligence and Investigation Customs in Karachi made a report against these 12 people. They say these people sent $1,694,178 to other countries in a way that breaks the rules. They did not follow the right steps for filing an Electronic Import Form.

Here are the names of the people: Uffan Traders Muhammad Affan, Ayyaz Enterprises, Directors of AM Associates (Pvt) Ltd, Jelani Enterprises, Directors of Skyelectric, SasPak Cargo, Directors of RA Engineering, Nadeem Associates, Abdul Wahab Rafiq Mediflux Services, Awan & Agha Associates, Abdul Basit Med vision international, Directors of Millennium Steel, C&F Solutions Customs & Freight, Iman Ali Mix Trade Enterprises, 3-star enterprises, Vista Impex, Directors/owners of Aliz International, Liaqat Ali Humayun Dental Supplies, Ahsan Ellahi Malik Elahi Enterprises, and Salman Corporation.

They found 40 cases where these people did not follow the rules and did not give the right information to Customs. The importers sent $1.69 million to the foreign seller.

When someone buys things from another country, they have to send money the right way through a bank. They also need to tell the bank how much money they are sending. But these 12 people did not do that. They did not follow the rules and did not tell Customs the right information.

Because they did not do this, Customs is now checking if these people did something wrong. Customs asked them to explain how they sent the money and if they did it legally. But it seems like they did not give a good reason.

So, Customs thinks these 12 people might be involved in money crimes. They are looking into different laws that these people might have broken. These laws include sections 3 and 4 of the Anti Money Laundering Act 2010. They are also checking sections 32, 32A, 16, 19, 79, 192, and 209 under Customs and SBP laws.

Government Plans Rs. 30 Billion Ijarah Sukuk Auction at PSX Tomorrow

It looks like these people did not follow the rules on purpose. They used a plan to avoid telling Customs the right information. They did not face any punishment for what they did.

Leave a Reply

Your email address will not be published. Required fields are marked *