In spite of Central Bank’s task, one of Azerbaijani banks transfers money to abroad via Zolotaya Korona system

Baku: In spite of Central Bank’s task on suspension of business relations with Zolotaya Korona money transfer system, money is still being transferred via this system in the country.

APA-Economics reports that Ganjabank has not refused money transferring via Zolotaya Korona system.

Bank’s information centre has confirmed the fact on money transfer via this system.

According to website of the bank, it’s possible to transfer money to CIS countries and China via this system with 1.5% commission fee. According to information, the funds are delivered in 5-10 minutes.

Researches of APA-Economics revealed that though Zolotaya Korona system is named on the 14 banks’ website, they don’t transfer money via this system.

By the way, on February 11, the Central Bank of Azerbaijan gave task to Azerbaijan-based banks to suspend operations with Zolotaya Korona, Intelexpress and Sigue Money Transfer systems.

The letter with the signature of the Director-General of the Central Bank Rashad Orujov says that the monitoring conducted by the Central Bank across the country has revealed that money transfers are carried out in the occupied territories of Azerbaijan via Zolotaya Korona, Intelexpress and Sigue Money Transfer systems.

“In order to prevent such cases, the Central Bank demanded money transfer systems and their supervisory authorities to stop money transfers in the occupied territories, otherwise Azerbaijan-based banks will not cooperate with them. All banks have been given information #06/05-1165 dated to 20.06.2008.

Taking into account such cases by the Zolotaya Korona, Intelexpress and Sigue Money Transfer systems again and their illegal operation in the occupied territories, Central Bank gives task to Azerbaijan-based banks to stop their relations with these systems from February 18, 2015”, the letter says.

SOURCE: Azeri Press News Agency