Tag: panamapapers

Identity of customer rules tightened in wake of massive leak

Identity of customer rules tightened in wake of massive leak

Written by on April 7, 2016 in News with 0 Comments

ATHENS (Reuters) – Cyprus is enhancing requirements on commercial banks and intermediaries to know the identity of their customers, days after a massive data leak detailing how the world’s rich skipped through loopholes to park cash in low-tax jurisdictions. Tighter regulations forcing banks and intermediaries to know their clients, as well as suspending account transactions […]

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