Revised Laws of Saint Lucia (2023)

10.   Limitation on activities

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    (1)   A licensee shall not, without the written approval of the Minister, carry on any banking business with a resident, unless the business is connected with the provision of an international banking business service from Saint Lucia, as provided in this Act or an enactment governing the operations and activities of the licensee.

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    (2)   A licensee operating an international banking business in Saint Lucia shall not continue or establish a business relationship with a shell bank.