1. Headings

2. “Cross Border Transactions in the Illicit and/or Informal Flow of Funds”
Mr. Nisar Muhammad Khan
Former Chairman
Federal Board of Revenue, Islamabad

3. “Cross Border Transactions in the Illicit and/or Informal Flow of Funds” is as below:
Existing Legal Framework
Anti-Money Laundering (AML) Act, 2010
Customs Act, 1969
2. Cross Border Transactions in the Illicit and/or Informal Flow of Funds
Long Porous Borders with Afghanistan and Iran
Cross Border Movement of Persons and Vehicles
Illegal Currency Transportation through Un-Regulated Parts of Pakistan’s Long Coastal Belt
Airport Entry and Exit Points
Trade Based Money-Laundering
No Inland Cash Carrying Limit and Legal Framework
Transit Trade
3. Key Challenges
4. Recommendations