FIA Launches Aggressive Crackdown on Cash and Dollar Smuggling in KP
The Federal Investigation Agency (FIA) has initiated a rigorous campaign to combat the smuggling of cash and dollars in the province of Khyber Pakhtunkhwa (KP).
FIA officials have revealed that they have organized three specialized teams dedicated to executing efficient operations against money laundering and illegal transportation of dollars. Each of these teams will comprise five members, with oversight from an inspector-level officer.
In line with FIAs strategy, law enforcement agency personnel will also be integrated into these teams. Their primary mission will be apprehension of individuals involved in dollar smuggling and illicit currency trade across the entire province.
Upon apprehension, the accused individuals will face charges under Foreign Exchange Regulation Act. FIA has pinpointed Mardan, Swabi, and Swat as key areas susceptible to unlawful currency exchange and dollar laundering activities.
Its worth noting that, recently, the FIA, in collaboration with the police and other law enforcement agencies, executed a comprehensive lockdown of Peshawars primary currency market, Chowk Yadgar. This measure was taken to curb the smuggling of dollars and illicit currency exchange activities.
Chowk Yadgar serves as largest currency market in province, and the FIAs intervention aims to combat unlawful trafficking of foreign currency, particularly dollars.