When any company is registered in Cyprus, the company's file at the Registrar of Companies (which contains details of the directors, shareholders, company secretary and registered office) is open to inspection by the public. International Business Companies can avoid this by appointing nominee directors and shareholders i.e. persons to act on their behalf. In such a case, it is the names of the nominees which will appear in the company's file. The identity of the true owners will only be disclosed to a local bank if the company chooses to maintain a bank account in Cyprus. Information regarding the identify of the true owners is not disclosed to any third party or government authority unless it is in relation to a properly authorized criminal investigation (drugs, terrorism, e.t.c.).