This memorandum outlines the record keeping and reporting requirements for International Banking Entities (IBEs) in the U.S. Virgin Islands as per the International Banking Center Regulatory Act. It details the requirements for maintaining books and records, investor account information, and the submission of quarterly and annual reports to the Director of Banking and Insurance. It also includes guidelines for the Annual Compliance Report and the consequences of non-compliance.
documents/EFTA00803851.pdf
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