Last updated: 18 July 2026

This page describes the Anti-Money Laundering (AML) and Know Your Customer (KYC) measures Tax Corpus applies when delivering tax filing, corporate formation, and compliance services across the United States, the United Kingdom, and Pakistan. It is maintained by Tax Corpus and is intended to inform customers of our customer due diligence practices.

Purpose

We are committed to preventing the use of our services for money laundering, terrorist financing, tax evasion, or any other unlawful activity. Our AML & KYC programme is designed to comply with applicable international regulations, including:

• Pakistan: The Anti-Money Laundering Act, 2010, and guidance issued by the Federal Board of Revenue (FBR) and Securities and Exchange Commission of Pakistan (SECP).
• United Kingdom: The Money Laundering Regulations (MLR) 2017, and HMRC’s mandatory tax adviser registration requirements.
• United States: The Bank Secrecy Act (BSA) and guidance provided by the Financial Crimes Enforcement Network (FinCEN) and the Internal Revenue Service (IRS).

Customer Identification

For every engagement, we collect and verify, at minimum:

• Full legal name and government-issued identification (e.g., CNIC, SSN, Passport).
• Current residential or registered business address.
• Mobile number and email address.
• For companies and partnerships: Incorporation documents, partnership deeds, registration certificates, and structure charts identifying ultimate beneficial owners holding significant control (e.g., more than 25 percent of shares or voting rights).
• For non-residents: Passport copy and verifiable proof of overseas address.

3. Enhanced Due Diligence

Additional information may be requested when an engagement involves higher-risk indicators such as politically exposed persons (PEPs), complex cross-border or offshore structuring, cash-intensive businesses, or unusually large filings relative to declared income. We reserve the right to decline or pause work pending satisfactory verification.

4. Source-of-Funds and Wealth Checks

Where required, particularly for high-risk files or PEPs, we will ask for documentation supporting not just the source of current funds, but the overall source of wealth. Acceptable evidence includes bank statements, salary slips, corporate sale documents, inheritance paperwork, or audited accounts.

5. Ongoing Monitoring

Customer profiles and risk assessments are reviewed at the start of each engagement and re-verified when material changes are reported (change of address, ownership, business activity, or banking arrangements). All risk checks and client monitoring activities, even sensible judgement calls on low-risk files, are documented. Suspicious patterns are escalated internally for review.

6. Record Keeping

KYC documents, risk assessments, customer correspondence, and engagement records are retained in line with our Data Retention Policy. Records are kept for the minimum period required by applicable law and the longer of any statutory or contractual retention obligation.

7. Reporting Obligations

Where we have reason to suspect that a transaction or instruction is connected to money laundering, terrorist financing, or tax evasion, we are legally required to file reports with the relevant authorities, such as:

• Pakistan: Suspicious Transaction Reports (STR) with the Financial Monitoring Unit (FMU).
• USA: Form 8300 for cash payments exceeding $10,000, and Suspicious Activity Reports (SAR) where applicable.
• UK: Suspicious Activity Reports to the National Crime Agency (NCA) as part of our HMRC supervision.

By law, we are prohibited from disclosing the existence of such a report to the customer.

8. Confidentiality

All KYC information is treated as highly confidential and processed in accordance with our Privacy Policy. Access is restricted to authorised personnel on a strict need-to-know basis.

9. Customer Cooperation

Customers are required to provide accurate and complete information, avoid utilizing evasive tactics or unnecessary offshore structures to conceal ownership, and promptly notify us of any changes. We may decline to onboard, suspend, or terminate services where required compliance information is not provided or met with resistance.

10. Contact

For questions about this policy or to provide additional verification documents, email [email protected]