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29.01.2021RCB Bank extends RCB Telephone Banking operating hours
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31.12.2020RCB Bank decorates Eleftheria’s square
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24.12.2020RCB Bank Ltd holiday schedule
Cash Transaction
Currency | Buy | Sell |
---|---|---|
EUR RUB | 87.2296 | 92.0864 |
EUR CHF | 1.0695 | 1.1180 |
EUR USD | 1.1942 | 1.2342 |
EUR GBP | 0.8437 | 0.8678 |
Non-cash Transaction
Currency | Buy | Sell |
---|---|---|
EUR RUB | 89.0017 | 90.2196 |
EUR CHF | 1.0976 | 1.1098 |
EUR USD | 1.2129 | 1.2229 |
EUR GBP | 0.8576 | 0.8636 |
25.02.2021
News
Press release
29.05.2018
Media reports stating that Cypriot authorities have made recommendations for the transfer of accounts of Russian clients to RCB Bank are completely unfounded and false.
Following the meeting between US Treasury Department officials and the Cypriot authorities, the latter advised all banks operating in Cyprus on the need to further strengthen and enhance the client’s KYC and source of funds requirements as well as AML monitoring of client’s financial transactions. This applies to all customers of Cypriot banks and not only the clients of Russian origin. Such requirements are in line with US Treasury advice to combat potential channels for money laundering and terrorist financing worldwide as well as to ensure the implementation of the US sanctions regime.
Account closure notifications were received by clients who are not in compliance with those requirements, for instance, where a client did not provide satisfactory explanations on the nature and economic substance of the financial transactions or their counterparties, and did not disclose their tax declarations.
AML and KYC requirements are the same for all Cypriot banks and no exception can be made. RCB Bank Ltd meets all existing enhanced compliance standards as well as new requirements announced and introduced by the regulator. The enhanced compliance requirements result to many potential clients, especially not residing in Cyprus, being unable to pass account opening procedures or facing the need for account closure.
It is RCB’s firm belief that, in the long run, a better quality and more focused client base of the Bank with enhanced standards meets both the interests of the Bank and its clients.
Following the meeting between US Treasury Department officials and the Cypriot authorities, the latter advised all banks operating in Cyprus on the need to further strengthen and enhance the client’s KYC and source of funds requirements as well as AML monitoring of client’s financial transactions. This applies to all customers of Cypriot banks and not only the clients of Russian origin. Such requirements are in line with US Treasury advice to combat potential channels for money laundering and terrorist financing worldwide as well as to ensure the implementation of the US sanctions regime.
Account closure notifications were received by clients who are not in compliance with those requirements, for instance, where a client did not provide satisfactory explanations on the nature and economic substance of the financial transactions or their counterparties, and did not disclose their tax declarations.
AML and KYC requirements are the same for all Cypriot banks and no exception can be made. RCB Bank Ltd meets all existing enhanced compliance standards as well as new requirements announced and introduced by the regulator. The enhanced compliance requirements result to many potential clients, especially not residing in Cyprus, being unable to pass account opening procedures or facing the need for account closure.
It is RCB’s firm belief that, in the long run, a better quality and more focused client base of the Bank with enhanced standards meets both the interests of the Bank and its clients.
Other news
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29.01.2021RCB Bank extends RCB Telephone Banking operating hours
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31.12.2020RCB Bank decorates Eleftheria’s square
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24.12.2020RCB Bank Ltd holiday schedule
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14.12.2020RCB Bank brings the Spirit of Christmas on Stasikratous street
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14.12.2020Seasons’ Greetings from the CEO of RCB Bank Dr. Kirill Zimarin
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11.12.2020Dr. Kirill Zimarin re-elected as President of the Association of International Banks in Cyprus
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11.12.2020Migration of RCB Bank cards transactions in internet to Strong Customer Authentication
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03.12.2020RCB Bank: Celebrating 25 years in a spirit of solidarity
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17.11.2020RCB Bank maintains its Moody’s Rating and Outlook
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16.11.2020RCB Bank & American Express expand on processing and servicing e-commerce activities
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13.11.2020Identity verification for e-Government Portal Ariadni via RCB Online Banking user profile
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27.10.2020RCB Bank Ltd holiday schedule
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19.10.2020Announcement
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02.10.2020Scheduled technical maintenance on October 7, 2020
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30.09.2020RCB Bank Ltd holiday schedule
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04.09.2020New interest rates for RCB Notice Accounts
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29.07.2020Back to normal charges for withdrawals from ATMs of other banks
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27.07.2020Mastercard Standard now available to RCB BANK’s Customers
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22.07.2020RCB Bank and Mastercard launch Cash@POS in Cyprus
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17.07.2020S&P Global Ratings publishes research rating report on RCB Bank Ltd