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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Reasons to open a foreign bank account today!
What could be more important than the safety and stability of your savings and assets? Perhaps only the reliability of your bank. Yes, it is the bank that should be…

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going through

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

Questions to ask a banker before investing
A private bank, managing other people's assets rarely takes a large commission. Often we are talking about 1-2% per annum of the size of the assets. The proposal looks tempting,…

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