Know your customer: this is why banks WILL ask you awkward questions
Banks are fined hundreds of millions of dollars for insufficient customer verification. This is exactly what happened with the largest bank in Pakistan, which received a $ 225 million fine…

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Is it safe to use an offshore bank account and a bank?
100% reliability can not ensure no one. But in general, offshore banking is safer if you immediately approached seriously the choice of jurisdiction and offshore bank. Offshore banking is safe…

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Swiss accounts: how to open a Swiss bank account?
Swiss accounts are recognized as one of the most reliable and respected in the world. The richest and most famous people of the world keep their money in Switzerland. However,…

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Theoretical aspects of cash and settlement services for individuals and legal entities
The banking system is a combination of credit institutions and various types of national banks operating through a monetary mechanism. Commercial banks are banks, service organizations, as well as their…

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collecting organization

Good reason to open a foreign bank account

The litigation that is currently unfolding between the Federal Tax Service and Sberbank may be a significant precedent that will affect the entire banking sector in Russia. The FTS accuses Sberbank of dishonest behavior, which is expressed in the fact that the bank refused to perform the functions of the tax authorities and write off funds in paying taxes from the client’s account.
The decision of the court is now closely watched by many account holders in Russian banks. If the court takes the side of the FTS, it may mean that in the near future the requirement to write off taxes from the accounts will be mandatory for all banks. This means that accounts in Russian banks will become an even less secure and confidential way of storing funds. Continue reading

Banking empires of British origin are fading
The UK banking sector is not just an attractive destination for a successful entrepreneur, but also a strategically advantageous point on the financial map of the world for asset management.…

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