Maintaining large non-EU deposits and shell companies are over, says FinMin

The practices of maintaining large deposits by non-EU citizens accompanied with shell companies (companies with no physical presence) are finished, Cyprus Minister of Finance Harris Georgiades has said, stressing that Cyprus will not maintain such practices that contributed to the financial meltdown of 2013. ‚ÄúThis, and we should acknowledge it, was the model for a … Continue reading Maintaining large non-EU deposits and shell companies are over, says FinMin