Bank accounts in the UAE: changes and innovations
Unfortunately, in the UAE there are only a few banks that work with offshore, it is: Emirates NBD, and the bank requires that the average monthly account balance be maintained…

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WPS salary protection system. How to open an account in the UAE and WPS?
When opening a corporate account in the UAE, the bank also provides access to salary payments through the WPS system. In this article we will look at what WPS is…

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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

The banking crisis in Europe: Deutsche Bank is just the tip of the iceberg

The banking crisis in Europe is gaining momentum. And although the facts of this destructive process are hidden, more and more moments become visible to others. This was particularly vividly illustrated by the example of Deutsche Bank, which received several blows from different sides at once.
However, it is only the tip of the iceberg, visible to the whole problem, while almost every bank in Europe is in a risky situation.
Can Deutsche Bank suffer the fate of Lehman Brothers? Continue reading

The reaction of the German banks mentioned in the “Panama scandal”
The day after the announcement of the "secret" documents of the Panamanian law firm Mossack Fonseca in the German newspaper "Munich" a statement by the German government appeared. This statement…

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