Can introducer steal from personal bank account in Cyprus?

[avalanche]

Is it possible for introducer for personal bank account in Cyprus to steal the funds‌ of the customer?
How to check if introducer has access to your funds?

 

[Sols]

No, the introducer does not have access to your account.

It sounds like you might‌ have introducers confused with nominee/professional directors. The former just introduces you to the bank, the‍ latter actually control the bank account for you.

 

[avalanche]

Thanks for⁠ the reply!

In case of company account, is it possible for nominee director to have⁤ read-only access to the bank account so he can only see the transactions and balance,⁣ while only I have rights to transfer funds?

 

[Marzio]

How would you limit director's bank account access?

 

[Sols]

Possible? Yes.
Recommended? No.
Normal? No.

That's the whole point of nominee directors. If you⁤ are a signatory on the account, you are one step closer to qualifying as controlling⁣ the company.

You normally don't. See above.

 

[tacokai]

I totally⁠ agree with sols - there is no introducer that can run with your money! impossible,⁤ they are known to the bank and have an agreement with them to screen new⁣ customers before they get in the banks compliance department, that's it.