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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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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program guarantees

Offshore World Bank Almanac – Canada

Canada is not a traditional offshore jurisdiction. Taxes in Canada are higher than in the US, and you are unlikely to open an account in Canada remotely without special knowledge and very long negotiations with dozens of banks. Very often, our clients who are interested in opening an account in a Canadian bank, after consultation, thank for the advice to open an account in a Canadian bank branch on one of the islands of West India, for example, on St. Kitts or Nevis. Continue reading

Commercial Bank
Credit organizations are divided into banks and non-bank credit organizations. The latter can only perform individual banking transactions. A commercial bank is an organization created primarily for the accumulation of…

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