BANK SECRECY IN CYPRUS
Banking is one of the most important sectors of the economy since it influences investment and consumption. Confidentiality is a cornerstone element of an effective and efficient bank system. In Cyprus, bank secrecy is regulated by section 29 (1) of the Banking Law (66 (I)/97).
According to the provisions of section 29(1), it is prohibited for any member of the administrative and management...
PERSONAL DATA PROTECTION IN CYPRUS
Personal data defines any information relating to a natural living person. Some illuminating examples are the number of our identity card, passport, date of birth, mailing address, email, etc. In many cases, individuals need to provide their personal data to third parties for many reasons, such as to order a product online, to request a service, to answer a survey, to open a bank account, to...