The largest bank in Cyprus closes the accounts of Russians – mass media
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The largest bank in Cyprus, Bank Of Cyprus, informed citizens of the Russian Federation about the closure of their accounts, and this applies to both individuals and companies.
About this informs Russian Forbes with reference to information from clients and a source in the banking sector.
Main Partner Trust, which provides asset management services in Cyprus, also drew attention to this.
Yes, the bank started sending messages about closing the accounts of Russians last week. Customers are advised that their accounts will be closed within two months of receiving the letter. The basis is called non-compliance of user data with the rules.
Main Partner Trust believes that the bank’s actions are caused by the presence of Russian tax residency among clients, and they connect them with the fear of British and American sanctions.
In particular, the latest packages of US sanctions are aimed at closing loopholes in the sanctions to prevent their evasion. Cyprus led the way in the number of people added to the sanctions list for helping to circumvent past sanctions, so the Bank of Cyprus spends significant resources to comply with all restrictions.
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