UGMA allows bank deposits and mutual funds to be gifted or transferred to a minor and UTMA permits relatives and friends to gift or transfer any type of asset to a minor. The accounts are typically turned over to the beneficiary’s control at the age of 18 to 21 (depending on the state...
The currency of Samoa is the tala, which consists of 100 sene (“cents”). The money supply is controlled and regulated by the Central Bank of Samoa, which was established in 1984. Samoa also has several commercial banks. Banking and finance account for only a tiny fraction of employment,...