Cyprus-Forum.com

[Robin Hood]

For information ......

US FORCES CYPRIOT BANKS TO CRACK DOWN ON ACCOUNTS OF RUSSIAN CLIENTS – REPORT – RT

Russians keeping their cash in Cypriot banks have been caught up in a massive audit of accounts by lenders and watchdogs in the island state. The step was reportedly triggered by pressure from Washington.

Banks in Cyprus now require Russian customers to confirm earnings and tax payments, to produce bank statements for the past year, as well as estate documents, title deeds of business ownership, and a detailed description of their enterprise, according to financial writer Elena Tofanyuk, as quoted by Russian daily Business FM. Previously, Russian clientele were required to produce only a passport and utility bills.

https://www.blacklistednews.com/article ... ents-.html

[Pyrpolizer]

this is nonsense:
Previously, Russian clientele were required to produce only a passport and utility bills.
and more nonsense:
either to close their accounts or to transfer their funds to Russian Commercial Bank,

RCB is being controlled by exactly the same rules as any other local Bank.

Furthermore the rules are imposed by the ECB and are not different in Cyprus than in any other EU Country...
There are strict regulations for Cypriots as well. I did have an account with BOC, that went on dormant and when I asked to revive it they refused to do so without giving them full details of my earnings.

The problem today is NOT with Bank deposits. it's with money coming directly from abroad for investments.Mainly Chinese money.

[GreekIslandGirl]

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!

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?

[GreekIslandGirl]

As for what you said about the Bank of Cyprus, Pyro, we too had the same thing happen on an account we had not used for a few years (three, I think). We had to show passports and provide all sorts of information before they would reactivate it. Yet, we have accounts in the UK that are several years old that haven't been used and they have never bothered with such requests. Only one Building Society asked for proof of my marriage certificate (2 years ago) after my being married for 30 years.

[repulsewarrior]

...moving into a new banking world where it is not enough to know the client, the client's clients are relevant too.

Russians who Bank in Cyprus, those who remain, will have the credibility to expect the same trust and respect as other Nationals who do business through Cyprus; all the better for these entrepreneurs, i say, no longer guilty by association.

...whatever a Cypriot may say about themselves, they should stop and consider the real state of the world. While the Cypriot banking industry is not perfect, it is respected, because it is based on a Rule of Law. The turmoil Cypriots are suffering today, in effect, will leave them with even stronger institutions.

[Pyrpolizer]

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!

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

[GreekIslandGirl]

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!

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.

[Pyrpolizer]

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!

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 'd looove to see more "interviews terminated" for the same reasons.
Idiots talking nonsense and making everybody dizzy without answering

Unfortunately in Cyprus journalists who tried that in the past got fired from the very media that employed them!
Some even got banned for been aggressive!

[Paphitis]

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.

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.

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

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

[Paphitis]

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!

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!