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Bank of Asia pioneers digital banking in BVI

Bank of Asia has received a licence to operate as a “fully digital cross-border bank” by the Financial Services Commission of the British Virgin Islands (BVI). The recently established digital bank announced today that it is currently onboarding high net worth individuals (HNWIs) and their offshore companies using a “KYC/AML matrix [that] officially opened to clients on 11 June” —…

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