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#2246498 - 12/14/20 05:13 PM Company In US Virgin Islands
MNCompliance Offline
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Joined: May 2018
Posts: 14
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.

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#2246505 - 12/14/20 06:55 PM Re: Company In US Virgin Islands MNCompliance
ACBbank Offline
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ACBbank
Joined: Jul 2006
Posts: 4,191
New York City
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.
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