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Cyprus banks overdid it with risk prevention tactics

...mpanies which are operating a legal business. As a result of these actions, they either close their accounts and leave the island of their own accord, or they are forced to do so, even if there are no reasons for this type of actions. Simply put, commercial banks of cyprus are so dedicated to fulfil Central Bank instructions, that they have proceeded with the closure of both ‘bad’ and ‘go...

Path: Blog