HomeWorldSwitzerland's largest bank has...

Switzerland’s largest bank has begun checking customers from the Russian Federation

UBS intends to remove all customers who are under sanctions imposed by the country’s government in conjunction with EU countries.

Switzerland’s largest bank, UBS, has begun mass checks on its Russian clients, asking them for documents proving the legality of their stay in the country. RosSMI reported this by publishing one of the letters that the bank sends to customers.

It is noted that UBS requires customers to provide copies of the passport of the country of residence or residence permit in Switzerland by May 5, 2023.

“We reserve the right to block the aforementioned banking relationships from May 6, 2023 if the requested documents do not reach us by May 5,” the letter said.

As follows from the text of the letter, the bank intends to remove all customers who are under sanctions imposed by the country’s government simultaneously in EU countries.

It was previously reported that UBS acquired the bank Credit Suisse, which found itself in a difficult financial situation​​​​​​.

Before Tim, it was learned that Credit Suisse shares had fallen to their lowest level ever after a Saudi investor refused to increase his stake in the bank. Concerns about the financial condition of Credit Suisse stirred the world markets, in particular, the shares of European banks fell sharply.

news Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

11 best-selling electronics on Amazon

Check out Amazon's best-selling electronics options to secure your favoritesHow about ensuring a much more practical and technological day-to-day life? To help you with this mission, we have prepared a list of 11 electronic devices that will make your routine easier and guarantee many benefits. ...

BTS’ Suga begins military training six months after enlisting

Despite having started his mandatory military service in September last year, Suga will only begin basic training now. Understand!This Thursday, the 28th, it was announced by the South Korean portal Dispatch (via Soompi) that Suga, a member of BTS, entered the Nonsan Army Training Center to...

Renault Koleos: a stylish argument

Let's remember all the strengths of the...