Questions about offshore banking and offshore banking
Offshore banks and offshore banking raise many questions: what is offshore banking and how are offshore banks different from normal? What are the advantages of an offshore bank and what…

Continue reading →

Brokerage operations of banks in their accounting
The securities market is similar to the market of any other commodity, but it also has its own characteristics, which are determined by the specifics of the commodity, the method…

Continue reading →

reconsideration

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

Deutsche Bank leaves Latvia
Recently, Deutsche Bank has received several heavy blows to its reputation and pocket. He was accused of helping with money laundering, fraud and tax evasion. And then they wrote out…

Continue reading →