Following the visit of the U.S. Department of the Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea on 4 May 2018 to Cyprus, a number of things seem to have changed in Cyprus banking.
Although explicit guidelines from the Central Bank of Cyprus are not yet available, banks
The pressure is here to stay and the above developments are no news to anyone following the trend. Back in April 2015 we wrote an article about International / Offshore Banking Considerations which today feels like a deja vu!
Related Article: Cyprus: No Bank Accounts for Shell and Letter Box Companies.Back to Articles Back to B2B Lateral Thinking Solutions
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B2B Lateral Thinking Solutions
B2B Lateral Thinking Solutions is a dynamic consultancy operating from Cyprus and servicing private, corporate and institutional clients. Our team of dedicated, passionate and highly qualified professionals assists numerous clients across the EU, Russia and CIS countries. Lateral thinking is not only a name. Lateral thinking defines how we approach problems and our work ethic. We partner up with our clients to uncover solutions through indirect avenues and by employing creative thinking.
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.Read more