Questions & Answers

Ask a lawyer
All cities, Cyprus

Freezing a corporate bank account for unknown source of funds

Hello,

I am the manager of a travel agency, and we have a bank account with one of the big banks.

I was surprised last month that the account was closed without informing me, and when I contacted them, they told me that the source of the money entering this account is unknown.

The problem is still not sorted until now, and I am contacting them on daily basis without avail.

Please let me know, what should I do? This is causing us a hassle at work let alone damaging our reputation in front of the people we are dealing with.

Thank you.

A.G. Paphitis & Co.
Chat
Hire
Meet
12 Apr 2018, 15:20

Dear Sir/Madam

Is this bank in Cyprus? If so, may you please let me know which bank is it so that we ensure that there is no conflict of interest?

I would recommend you to visit the bank and meet your banker personally.

Best regards.

Get quotes from lawyers
Find the right lawyer for your legal needs. Submit your request and get multiple competitive offers from qualified lawyers.
Looking for something else?
Ask for advice from a lawyer
It’s free and anonymous
No registration needed
Ask a lawyer