We have a customer who is located in the US but bought commercial building in the US Virgin Islands and has formed a LLC in the US Virgin Islands. They want to open a DDA with us for this business. What risks should be consider? Anything else we should be thinking about? Thanks.

I have not looked at that jurisdiction in quite some time but I would be confirming that bearer shares and nominees shareholders are not allowed. I imagined that you confirmed that they actually purchase the real estate?

Regarding the LLC itself - if it's a real estate holding company that's not unusual assuming you that you see the typical activity for such an account.