FBR has sent out over 50,000 notices to registered real estate agents, jewelers, money changers and other professionals under Designated Non-Financial Businesses and Professions (DNFBPs) for failing to comply with FATF condition with regard to generate Suspicious Transaction Reports (STRs). The STRs are required to be generated by these sectors if they find that buyers are making investments beyond their legitimate sources of income.
8/6/2021