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, application procedures, operational standards, tax exemptions, and penalties for violations. The document also details the responsibilities of the Director of Banking and Insurance, the process for granting licenses, and the requirements for maintaining compliance with the Act.
documents/EFTA01123678.pdf
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