The end of Yesilada bank?

[BelizeWholesaleIBCs]

We have it on very good authority that Yesilada Bank will be liquidated within the next few weeks to a month. The Central bank has taken over the accounts which are insured up to 20,000 Euro -- unless the funds are suspected of being "tainted", then they are being sent to a special commission that will review each account case by case.

It appears as though the days of North Cyprus "easy banking" are gone forever. No more accounts opened with no business information and fewer and fewer every day with no reference letters as are required by most banks today.

[Poverello]

Insurance also for corporate accounts up to 20,000 ?

No other banks in N-Cyprus that where no business info is needed or without reference letter ?