Cayman Islands introduced new legislation to protect personal information
The Cayman Islands, like many other small island states whose main income is provided by the financial sector, consider it of utmost importance to maintain its reputation as a reliable…

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Interesting facts about the banks of the world
The more familiar word "bank" originated in Italy. The indigenous population gave usurers securities and money in the hope of their return. If the money changers went bankrupt, then they…

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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

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. The main purpose of the new law is to attract foreign investment in the country. Among other proposals, in particular, it is planned to allow representatives of foreign banks and other financial institutions to provide private banking services without a license issued by the Central Bank of Argentina. 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…

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