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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How can a non-resident open an account in Europe without visiting a bank?
Today, a foreign bank account in a country with a reliable and well-organized banking system is an indispensable tool for both private and corporate individuals. Problems in the banking sector…

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are talking

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

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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