Regulatory Alerts2003-04-16 | 122918On Establishing Requirements for Defining Subjects and the List of Offshore Zones
The National Bank of the Kyrgyz Republic issued this regulation to define entities subject to offshore zone restrictions and to approve a specific list of jurisdictions offering preferential tax regimes or lacking full information disclosure. The document mandates that banks and financial organizations operating in Kyrgyzstan ensure their activities comply with these anti-money laundering and transparency requirements within 30 days of publication. It also formally removes several jurisdictions from the list, including Gibraltar, Bahrain, Cyprus, and Costa Rica, while adding Curaçao.
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