Recent content by mrpayments

https://taxnews.ey.com/news/2025-0895-cyprus-introduces-defensive-tax-measures-targeting-low-tax-and-blacklisted-jurisdictions While the EU blacklisted jurisdictions are easier to quantify. Affected folks should consider the impact if they are paying dividends or other payments out to...

Virtual IBAN's = Think of them like an alias to another account. e.g. I issue an IBAN to a company that tells me it needs 50 virtual accounts for its own practical/logical organisation. I then issue 50 more IBANs but they all map back to that one original account so its one pool of money from...

from the EY link - "The current applicable period (17 years) of non-domicile status for individuals would not change, although an option for extending the period will be provided with the imposition of an annual fee." I read that as meaning that if you want to extend the non-dom status past 17...

TW is a special case as its an EMI (non-bank) that has managed to get indirect Target2 clearing via the National Bank of Belgium so it doesn't rely on a another Credit Institution for SWIFT for EUR. Will be great to see what they do with TIPS over the next few years.

Cyprus FI's are lucky in some respects as they have some rather unique attributes that go under utilised! e.g CY3790400001PUTYOURBRANDHERE CY7490400001OFFSHORECORPTALK

If they lose their license they will lose the criteria upon which the license with the card schemes is based. Under EBA The schemes are considered "Governance Authorities" and having a license (credit insto, bank, emi, pi) is a requisite for scheme membership. EMI's and PI's are subject to...

Markus (CEO) quit about 2 hours ago. Had about 7600 deposits from Wirecard Customers today.. Good old fashioned run on the bank.

BDO Unibank Inc., the Philippines’ largest bank by assets, and the Bank of the Philippine Islands said in separate statements on Friday that Wirecard isn’t a client. “It was a rogue employee who falsified documents and forged the signatures of our officers,” BDO Unibank Chief Executive Officer...