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Cyprus Banks crack down on Russian clients.

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Re: Cyprus Banks crack down on Russian clients.

Postby Paphitis » Thu May 31, 2018 4:11 pm

GreekIslandGirl wrote:
Pyrpolizer wrote:
GreekIslandGirl wrote:The impression I am left with, after witnessing the UK government's more recent racist, anti-Russian campaign, is that they are trying to find ways to appropriate Russian funds, businesses and property. First they forced Russian investors out of Cyprus with the haircuts and by giving Cyprus Banks such (undeserved) bad ratings that the Russian money flooded into London.

Of course, now it's step 2. Grab Russian assets! :roll:

It became obvious, again, just the other day when they refused to give Roman Abramovich a visa for the UK. They are trying to distance him from his assets. Of course, he very quickly outwitted the UK foreign office (aka, shit-for-brains-Boris-the turk) and got himself Israeli citizenship and now he doesn't need a visa. But still, they continue to try and find excuses to take his stuff and keep him away.

Overall, the UK are trying to find ways to stop people removing their money from the UK as the Brexit maelstrom unfolds. Another way they are achieving this is by letting the property market slump so much that people cannot sell and move out.

Nationalization of foreign-owned companies may be next?


The world is changing to a world of thieves that's for sure.

West's portrayal of Democracy

https://youtu.be/mO68iA9lHJs


And, today, here's how the UK's Defence Secretary (he who so bravely told Russia to " Shut up and go away") still behaves:



Sadly, this UK government is destroying what little credibility Britain had.


I really do not see a problem with what the defence Secretary said.

He told Russia to "go away" and "shut up". Storm in a tea cup. If it was me, I would have told Russia to [email protected]#k up" And I would enjoy it too!

Brits are just way too sensitive and way too polite. This is one of the most annoying thing about Brits too because it isn't real. Don't ever expect such politeness from Americans or Australians. Don't expect this kind of politeness from Greeks and Cypriots either because we are a lot more vulgar than the Brits are. We would even fart in Pootin's presence an unleash the biggest biological attack against his senses and make his stomach churn! We would do it after eating KFC hot and spicy too!

I guarantee you. There are politicians from many countries that have said far worse things than "go away" and "shut up".

I would say that the assassination attempts on the lives of Skrypal Senior and his daughter is about 1000 times more serious than saying "shut up" and "go away". What else would you expect him to say? Do you want him to be more polite about it? Well ok, he can be as polite as you like if that is important, but the bottom line is that Russia has attempted to murder 2 British Citizens on British Soil with a high grade military nerve agent with a toxicity about 100 times more than Sarin. It doesn't get anymore serious or rude than that.

It isn't the first time Russia has done this either.
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Re: Cyprus Banks crack down on Russian clients.

Postby Pyrpolizer » Thu May 31, 2018 5:03 pm

Paphitis wrote:Bottom line is it isn't just the Russians being targeted. Even Brits, Americans and Australians are targeted by the International Business Unit. Likewise, Russians and Chinese are also targeted. basically everyone who isn't a Cypriot resident or citizen.

I have accounts in Cyprus which have been active for years mainly for rent etc and every friggin year I have to prove my identity and send them passports. You would think once would be enough but each year we have to fill out new forms and send them ID cards and passports. Not only that, I had to divulge who I work for and my income. Like I was going for a loan or something. :?

Yep. That's how Cypriot Banks work! They follow the money laudreing directives of the European Central Bank.
imagine just because you have an account in Cyprus sending millions from abroad to your accounts! No way they would ever accept to take it.


Bottom line is, you would have to have rocks in your head to have accounts in Cypriot Banks. I'm going to Barclays, or Arab bank or something like that.

If there were American or Australian Banks in Cyprus with a branch network then I would go there.

Go anywhere you want. These are the rules in Europe today, if you don't like then, no problem

Get your act together Cypriot banks because you are a laughing stock! :?

Huh? :lol: :lol: :lol:

No other bank I have ever dealt with has ever been so onerous than the totally stupid Cypriot Banks.

Really? Then go to "clever" Banks man. Do you think Cyprus needs anyone's money?? They have such a plethora of cash that they pay zero interest for the most common accounts,plus you pay charges.
What they need is worthy loans.
The economy needs investments not cash.

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Re: Cyprus Banks crack down on Russian clients.

Postby Pyrpolizer » Thu May 31, 2018 5:21 pm

Paphitis wrote:Sorry, but Cypriot banks are at the bottom of the food chain.

Once I had a tenant try to deposit rent into my account for a property they are renting, something they do every month, and were turned away because my account was so called "frozen" or suspended. If a bank froze and suspended accounts in Britain, America or Australia there would be murder and revolution on the streets. The Banks have no right. Only law Enforcement does if a court can prove that you have benefited from the proceeds of crime and have been convicted as such.

Totally friggin stupidity! :roll:

Next time I'm in Cyprus, it's bye bye Cypriot banks forever and hello to the Brits or Arabs or any other Banking entity other than a Cypriot Bank. I don't care if it is a British Bank, an Australian Bank, an American bank, Arab bank, or even a Chinese Bank, anything is about 10 better than any of the Cypriot banks.

Cypriots have gone mad ever since the IMF and the EU!


Your account did not get frozen. It went dormant. Big difference.

A bank account becomes dormant if it has no movement for a certain period of time.
It happens everywhere in the world including Britain, America AND Australia you just never knew it.

https://www.theguardian.com/money/short ... ty-capital
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Re: Cyprus Banks crack down on Russian clients.

Postby Pyrpolizer » Thu May 31, 2018 5:26 pm

Paphitis wrote:
I would say that the assassination attempts on the lives of Skrypal Senior and his daughter is about 1000 times more serious than saying "shut up" and "go away". What else would you expect him to say? Do you want him to be more polite about it? Well ok, he can be as polite as you like if that is important, but the bottom line is that Russia has attempted to murder 2 British Citizens on British Soil with a high grade military nerve agent with a toxicity about 100 times more than Sarin. It doesn't get anymore serious or rude than that.

It isn't the first time Russia has done this either.


In your and his opinion of course.
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Re: Cyprus Banks crack down on Russian clients.

Postby miltiades » Thu May 31, 2018 7:39 pm

More crap from General haha.!
I hate Poooootin, I hate Roooosia.
Get a life you prick !
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Re: Cyprus Banks crack down on Russian clients.

Postby Paphitis » Thu May 31, 2018 10:21 pm

Pyrpolizer wrote:
Paphitis wrote:Sorry, but Cypriot banks are at the bottom of the food chain.

Once I had a tenant try to deposit rent into my account for a property they are renting, something they do every month, and were turned away because my account was so called "frozen" or suspended. If a bank froze and suspended accounts in Britain, America or Australia there would be murder and revolution on the streets. The Banks have no right. Only law Enforcement does if a court can prove that you have benefited from the proceeds of crime and have been convicted as such.

Totally friggin stupidity! :roll:

Next time I'm in Cyprus, it's bye bye Cypriot banks forever and hello to the Brits or Arabs or any other Banking entity other than a Cypriot Bank. I don't care if it is a British Bank, an Australian Bank, an American bank, Arab bank, or even a Chinese Bank, anything is about 10 better than any of the Cypriot banks.

Cypriots have gone mad ever since the IMF and the EU!


Your account did not get frozen. It went dormant. Big difference.

A bank account becomes dormant if it has no movement for a certain period of time.
It happens everywhere in the world including Britain, America AND Australia you just never knew it.

https://www.theguardian.com/money/short ... ty-capital


No my account was never dormant. It had a healthy balance too, of quite several thousands of Euros. Money was being deposited every 2 to 4 weeks but there were never any withdrawals apart from some utility payments but even then I would pay those with my VISA most of the time.

And no, I have about 20 accounts in Australia. I have accounts for usually one purpose such as rent from a property, dividends and one for trading which I do. Never has any account gone dormant or been frozen. Never would they do that especially if there is a fair amount of money involved. It would create massive panic to business

The reason is it just makes my accounting easier at tax time.
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Re: Cyprus Banks crack down on Russian clients.

Postby Pyrpolizer » Thu May 31, 2018 11:15 pm

Paphitis wrote:
Pyrpolizer wrote:
Paphitis wrote:Sorry, but Cypriot banks are at the bottom of the food chain.

Once I had a tenant try to deposit rent into my account for a property they are renting, something they do every month, and were turned away because my account was so called "frozen" or suspended. If a bank froze and suspended accounts in Britain, America or Australia there would be murder and revolution on the streets. The Banks have no right. Only law Enforcement does if a court can prove that you have benefited from the proceeds of crime and have been convicted as such.

Totally friggin stupidity! :roll:

Next time I'm in Cyprus, it's bye bye Cypriot banks forever and hello to the Brits or Arabs or any other Banking entity other than a Cypriot Bank. I don't care if it is a British Bank, an Australian Bank, an American bank, Arab bank, or even a Chinese Bank, anything is about 10 better than any of the Cypriot banks.

Cypriots have gone mad ever since the IMF and the EU!


Your account did not get frozen. It went dormant. Big difference.

A bank account becomes dormant if it has no movement for a certain period of time.
It happens everywhere in the world including Britain, America AND Australia you just never knew it.

https://www.theguardian.com/money/short ... ty-capital


No my account was never dormant. It had a healthy balance too, of quite several thousands of Euros. Money was being deposited every 2 to 4 weeks but there were never any withdrawals apart from some utility payments but even then I would pay those with my VISA most of the time.

And no, I have about 20 accounts in Australia. I have accounts for usually one purpose such as rent from a property, dividends and one for trading which I do. Never has any account gone dormant or been frozen. Never would they do that especially if there is a fair amount of money involved. It would create massive panic to business

The reason is it just makes my accounting easier at tax time.


From what you said earlier (having to update your personal data EVERY year) while also having several thousands in a local account that is getting bigger and bigger, looks they have you on the top of their list for suspicious activities as e.g. tax evasion. If you were an EU citizen they'd probably have already reported you to the authorities of the country you reside.
Imo the EU does a great job in this respect.
As you can see from the link I gave you the same rules apply in the UK.

Again from what you said, Australia looks to be about 15 years backwards. Patience, you will one day catch up. :wink:
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Re: Cyprus Banks crack down on Russian clients.

Postby Paphitis » Fri Jun 01, 2018 1:18 am

Pyrpolizer wrote:
Paphitis wrote:
Pyrpolizer wrote:
Paphitis wrote:Sorry, but Cypriot banks are at the bottom of the food chain.

Once I had a tenant try to deposit rent into my account for a property they are renting, something they do every month, and were turned away because my account was so called "frozen" or suspended. If a bank froze and suspended accounts in Britain, America or Australia there would be murder and revolution on the streets. The Banks have no right. Only law Enforcement does if a court can prove that you have benefited from the proceeds of crime and have been convicted as such.

Totally friggin stupidity! :roll:

Next time I'm in Cyprus, it's bye bye Cypriot banks forever and hello to the Brits or Arabs or any other Banking entity other than a Cypriot Bank. I don't care if it is a British Bank, an Australian Bank, an American bank, Arab bank, or even a Chinese Bank, anything is about 10 better than any of the Cypriot banks.

Cypriots have gone mad ever since the IMF and the EU!


Your account did not get frozen. It went dormant. Big difference.

A bank account becomes dormant if it has no movement for a certain period of time.
It happens everywhere in the world including Britain, America AND Australia you just never knew it.

https://www.theguardian.com/money/short ... ty-capital


No my account was never dormant. It had a healthy balance too, of quite several thousands of Euros. Money was being deposited every 2 to 4 weeks but there were never any withdrawals apart from some utility payments but even then I would pay those with my VISA most of the time.

And no, I have about 20 accounts in Australia. I have accounts for usually one purpose such as rent from a property, dividends and one for trading which I do. Never has any account gone dormant or been frozen. Never would they do that especially if there is a fair amount of money involved. It would create massive panic to business

The reason is it just makes my accounting easier at tax time.


From what you said earlier (having to update your personal data EVERY year) while also having several thousands in a local account that is getting bigger and bigger, looks they have you on the top of their list for suspicious activities as e.g. tax evasion. If you were an EU citizen they'd probably have already reported you to the authorities of the country you reside.
Imo the EU does a great job in this respect.
As you can see from the link I gave you the same rules apply in the UK.

Again from what you said, Australia looks to be about 15 years backwards. Patience, you will one day catch up. :wink:


I pay the taxes which are due such as the IPT.

It’s not a Banks Authority to investigate customers for “tax evasion”. A Bank is suppose to act in its own and their clients interests, they are not a State Tax Authority.

IPT was always paid when that was active. I am also up to date with Water Board, Water and Council Charges. As for tax, I seriously doubt I exceed any threshold for it. Rents in Cyprus are not exactly big time. It’s probably pocket money but over time it accumulates.

Look it is bloody insane for a Bank to freeze an account where people can’t deposit funds into. And that is a personal account so nothing special.

I have accounts for several trusts and Pty Ltd’s Company Numbers and several personal accounts for tax purposes and protection because I have a LOT of debt so structure is important just in case. More for bankruptcy purposes and protecting the assets you want to protect and to pay company tax rates, and distribute income to family members and children to legally avoid tax which is different from tax evasion.

Tax reduction is legal, evasion is illegal and not recommended because you will get done. Especially in Australia and America where the rule of law is actually enforced.
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Re: Cyprus Banks crack down on Russian clients.

Postby Paphitis » Fri Jun 01, 2018 2:04 am

Pyrpolizer wrote:
Paphitis wrote:
I would say that the assassination attempts on the lives of Skrypal Senior and his daughter is about 1000 times more serious than saying "shut up" and "go away". What else would you expect him to say? Do you want him to be more polite about it? Well ok, he can be as polite as you like if that is important, but the bottom line is that Russia has attempted to murder 2 British Citizens on British Soil with a high grade military nerve agent with a toxicity about 100 times more than Sarin. It doesn't get anymore serious or rude than that.

It isn't the first time Russia has done this either.


In your and his opinion of course.


No it isn’t my opinion. The Daughter has finally come out and will eventually come out again when she is ready and able. Yes her statements would be written by British Intelligence. Yes, she and her Dad would be now surrounded by British Intelligence. And yes it was British Intelligence that would have told her to thank the Russian Authorities for their offer of assistance but no thanks. They would not be wanting to inflame or infuriate the Russians any more and the Skripals will not be wanting help from a State that wants them dead. She probably wants to return to Russia, but the reality is that this is unrealistic and she will not be able to for years, if ever.

It is now fact as indicated by the OPCW and it is clearly what is believed by the victims and International Community at large. It isn’t just the UK but there are 30 odd countries which have rallied behind the UK who believe it too. Russia has a history of this kind of behaviour.

I’m not saying the West doesn’t or hasn’t throughout the 50s, 60s, 70s, 80s and 90s and even to this day. The difference is, the West is a lot more transparent and it admits its involvement with Coups or regimes like Pinochet etc etc.

Plus the West has never as far as I know unleashed a Chemical or Biological weapon in assassination attempts. It probably has used lower level yet lethal poisons (like Arsenic) and other means but certainly not things like Sarin. There are so many ways to knock people off without the use of military grade Chemical Weapons. That is the thing, the use of a Chemical Weapon of Military grade is no different to attacking a country with an F-22 bomber. It is a military action and this is where Russia’s actions take on a whole new dimension.
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Re: Cyprus Banks crack down on Russian clients.

Postby Paphitis » Fri Jun 01, 2018 2:54 am

Pyrpolizer wrote:
Paphitis wrote:Bottom line is it isn't just the Russians being targeted. Even Brits, Americans and Australians are targeted by the International Business Unit. Likewise, Russians and Chinese are also targeted. basically everyone who isn't a Cypriot resident or citizen.

I have accounts in Cyprus which have been active for years mainly for rent etc and every friggin year I have to prove my identity and send them passports. You would think once would be enough but each year we have to fill out new forms and send them ID cards and passports. Not only that, I had to divulge who I work for and my income. Like I was going for a loan or something. :?

Yep. That's how Cypriot Banks work! They follow the money laudreing directives of the European Central Bank.
imagine just because you have an account in Cyprus sending millions from abroad to your accounts! No way they would ever accept to take it.


Bottom line is, you would have to have rocks in your head to have accounts in Cypriot Banks. I'm going to Barclays, or Arab bank or something like that.

If there were American or Australian Banks in Cyprus with a branch network then I would go there.

Go anywhere you want. These are the rules in Europe today, if you don't like then, no problem

Get your act together Cypriot banks because you are a laughing stock! :?

Huh? :lol: :lol: :lol:

No other bank I have ever dealt with has ever been so onerous than the totally stupid Cypriot Banks.

Really? Then go to "clever" Banks man. Do you think Cyprus needs anyone's money?? They have such a plethora of cash that they pay zero interest for the most common accounts,plus you pay charges.
What they need is worthy loans.
The economy needs investments not cash.



Btw, these are not the EU rules because you can open an account with a British or German Bank with relative ease and transfer funds from Australia to the British or German Bank with no issue. In Australia, suspicious transactions above 10,000 are tracked by AUSTRAC. They do not freeze your account. It is not up to the Banks to do any such thing and if a Bank isn’t respecting the clients financial interests, then there is no purpose to be their customer.

Plus I am a Cypriot. Don’t fuck with us in the Diaspora because we will not tolerate shit. Money has no allegiance to any country. It’s also stateless. We all have accounts in countries like the UK, Australia, or US. We know what it is suppose to be and we expect the same to apply with Cypriot Banks otherwise kiss the money good bye.

If they are EU rules, which I doubt, then the UK and Germany choose to ignore them. Either way, I’m not a huge investor in Cyprus. I just have a couple of properties and some oikopeda and horavkia farm land and a few thousand in a Cypriot Bank in a single account. I’m no Russian Oligarch and any tax I need to pay is minuscule.

Foreigners are free to open accounts in Australia too. There are no restrictions on the movement of capital. People want to transfer money to Australia all the time so as to invest, buy property or conduct business. I have not heard of Australia freezing accounts unless you are under suspicion of funding terrorism and go to Syria regularly, or are a convicted felon where your funds can be seized as proceeds of crime or to compensate victims.

I have transferred funds to Greece too, and I have transferred funds to America and set up accounts in order to buy shares through a US broker and through Australia’s CommSec. Everything is fully franked which means tax has already been paid from the profits of the company to begin with. Money goes in and out all the time.

I have never faced the same issues as I have faced in Cyprus.
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