This memo from Erika Kellerhals to Jeffrey E. Epstein discusses the International Banking Center Regulatory Act signed into law by Governor John P. deJongh, Jr. It outlines the requirements for establishing an International Banking Entity (IBE) in the US Virgin Islands, including organizational structure, application process, allowable activities, prohibited activities, and available tax benefits. The memo also details the approval process for IBEs and the conditions under which an IBE license can be modified, transferred, or revoked.
documents/EFTA00803845.pdf
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