Where can I get information about the reliability of the bank
When choosing a servicing bank, potential clients first of all pay attention to the following…

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Bank accounts in the UAE: changes and innovations
Unfortunately, in the UAE there are only a few banks that work with offshore, it…

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7 countries for offshore banking, which should avoid Russian-speaking immigrants from the United States
There may be a false opinion that once you are Russian, Ukrainian, Belarusian, or a…

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How to open a bank account in England to a non-resident?
Over the past few years, the opening of a foreign account in the Bank of…

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financial worker

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 and is now forced to close a branch in New York.
In early September, Habib Bank, which is the largest in Pakistan, was sentenced in New York. According to the Department of Financial Services, the bank did not conduct sufficient customer audits that are required by New York law. The bank was fined $ 225 million for not combating money laundering and financing terrorism, for ignorance in an adequate form of reporting, and they demanded to close the branch in the city. Continue reading

Open a bank account in Germany

A bank account abroad is one of the most attractive and thoughtful products for diversifying currency risks and protecting its assets. In fact, to ensure that your money does not suffer from the introduction of currency controls, devaluation, depreciation and other related problems, the option of storing funds in foreign currency allows you to minimize potential risks. An account in Germany is one of the most attractive options in the world of offshore banking, where you can open a bank account. Continue reading

Interesting facts about the banking system

The Bank is an organization providing financial services to the public. This is its main purpose. Today, the number of branches is more than enough in any large city, and the world economy directly depends on these institutions and their leaders. The society will not be able to live comfortably without the use of tools that make financial activity as successful as possible. Continue reading