October 18, 2016
The Central Intelligence Cell under the National Board of Revenue is set to investigate money laundering cases involving tax.
The revenue authority gave the responsibility to CIC through an order on October 2 and directed the cell to take all required measures to investigate the cases under the Money Laundering Prevention Act 2015.
“This will allow us to probe all sorts of money laundering issues involving tax, VAT and customs duty and file cases against the offenders,” said a senior official of CIC seeking to remain unnamed.