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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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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.
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

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