Kazakhstan-affiliated company has been temporary suspended, AML&CTF review performed

AML&CTF

Luxembourg fiscal authorities have suspended a foreign company from being listed in the business register. The company, TARO S.à r.l., has been temporary de-listed because it does not fully comply with several regulations. It raised the awareness of the tax evasion prevention and AML task forces.

The company, TARO S.à r.l. is registered in the names of certain T. Abilkasymov et al. Some unusual patterns in its performance triggered a set of alerts and the investigation has been launched. The company seems to be accumulating funds from Kazakhstan and China without any meaningful activities aside.

The 2019 AML set of regulations treat such companies as suspects in money laundering and tax evasion practices. As for now the investigation is ongoing. The company is one of the dozens Kazakhstan-associated entities that are recently checked for compliance.

Antoine DELTOUR

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.