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…

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World banking systems
In world practice there are the following banking systems: 1) two-level: 1st level - Central…

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Foreign banks in Argentina will be able to work without a license
The Argentine government is developing a new bill that will amend the Capital Markets Law.…

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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…

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Dubai Bank Services

If you are doing business in the United Arab Emirates or have registered an offshore company in the UAE free zone, then it goes without saying that you will want to open a current bank account in one of the local financial institutions. But more and more often, customers of Dubai banks are those who have neither business interests nor real estate in the region.
This is not something outlandish, since the banking system of the United Arab Emirates is recognized by experts as one of the most reliable and immaculate in the world. Continue reading

Bank requirements for borrowers

Today, it is not only banks, but also small credit organizations that offer a small amount of cash in loans. Announcements appear on the Internet, on the street, on radio and television. In large cities there are many offices where you can get money in just fifteen minutes. Although many organizations claim that the loan is highly likely to be approved, there are still certain requirements for the borrower. Continue reading

Currency operations of commercial banks and their role in economic development

In the conditions of transition of the economy to market relations and the development of the banking system, the development and improvement of currency operations of commercial banks is of particular importance.
It should be noted that in the world economy there is a constant overflow of money capital, where the core of financial flows is the sphere of material production and the direction of these flows is primarily affected by the state of the economy, mutual liberalization of trade between countries, etc. Continue reading