This document outlines the rules and regulations for International Banking Entities (IBEs) in the U.S. Virgin Islands, as per the International Banking Center Regulatory Act. It includes amendments to the Virgin Islands Code, definitions, authorities and duties of the Director, operational standards, application procedures, tax exemptions, and penalties for violations. The document also details the requirements for establishing IBEs, including capital and asset requirements, employment obligations, and compliance with anti-money laundering laws.
documents/EFTA00601335.pdf
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