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foreign deposits

Special Secretariat for Private Debt Management to Set up Online Platform to Track Down Foreign Deposits

Banks and authorities in Greece are teaming up to try to create an asset register for debtors, including tracking money that was sent abroad over the last five years time, ekathimerini.com reported. The program will be executed via and online...

Courts Asked to Clarify Ruling On Foreign Deposits That Could Cost the State €1 Billion

The Administrative Appeals Court has recently made a ruling that could end up costing the Greek state some €1 billion by ruling in favor of a plaintiff appealing fines for depositing unclaimed income in banks abroad, sources report. The General Secretariat...

Avoiding Capital Controls: Real Estate Revenues From Foreign Buyers Deposited in Banks Abroad

The majority of revenues of Greek luxury real estate transactions acquired by foreign nationals remain in banks outside of Greece, sources have reported. In fact, according to Yiannis Ploumis who is the general director at the Ploumis-Sotiropoulos real estate agency...