Question

XYZ Industries, Inc., is incorporated in the British Virgin Islands and is indebted to a US-based company. You are a financial investigator for a US-based firm and are aware of many properties owned by XYZ Industries both domestically and internationally. You have been hired to uncover the beneficial owner to identify available assets for repayment of outstanding debts and restitution of victims. Which document would best assist the investigator to identify the beneficial owner?

a. power of attorney or designation of corporate agent.
b. a mail forwarding notice related to the property filed with the local postal service.
c. articles of incorporation and board minutes for XYZ Industries, Inc. filed in the BVI.
d. a mutual legal assistance treaty request filed with the BVI seeking all beneficial ownership records.
e. none of the above.

Answer 1

d. a mutual legal assistance treaty request filed with the BVI seeking all beneficial ownership records.

Step-by-step explanation:

A request for a mutual legal assistance treaty filed in the British Virgin Islands, seeking all beneficial ownership records, would be the best document to be used by the financial investigator in this case.

This is because these documents have the necessary information so that the assets available for paying outstanding debts and restoring victims are correctly and efficiently identified.