Glossary
- Anti-Money Laundering (AML)
- Anti-money laundering refers to a system of controls designed to prevent or report money laundering activities. As with all companies providing financial and associated services, AMS is required to have in place systems that comply with both BVI and international anti-money laundering rules. Organisations are required to identify and report transactions of a suspicious nature to local authorities, and must also conduct Due Diligence on clients.
- Apostille
- Official government seal or stamp which certifies a document as authentic. This is often required as part of the Legalisation process.
- First Half Company
- This refers to a company which was incorporated in the first half of the year, i.e. up to an including 30 June. First Half Company fees need to be paid before May 31 each year.
- Legalisation
- The process of obtaining relevant certification of documents so they can be used in another country. Please contact AMS for assistance in legalising your BVI company documents.
- Second Half Company
- This refers to a company which was incorporated in the second half of the year, i.e. after 1 July. Second Half Company fees need to be paid before 30 November each year.