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BAKU: Another Bigger Monetary Transfer System MoneyGram Supports Sep

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  • BAKU: Another Bigger Monetary Transfer System MoneyGram Supports Sep

    ANOTHER BIGGER MONETARY TRANSFER SYSTEM MONEYGRAM SUPPORTS SEPARATISTS OF NAGORNO KARABAKH - PHOTO

    Today.Az
    July 28 2008
    Azerbaijan

    Two banks, illegally functioning in Khankendi - Artsakhbank and
    ArmEconomBank are cooperating with the world's bigger monetary transfer
    system MoneyGram, according to the website of the system.

    The second bank (ArmEconomBank) is an Armenian bank and can open
    its illegal "affiliate" in the occupied land without any prior
    notification, while ArtsakhBank was founded in Karabakh on the basis
    of the "Central Bank of Karabakh" and former Savings Bank, which
    means that it has been illegally occupied:

    ArtsakhBank cooperates with Western Union, LEADER, MoneyGram and
    Migom. Moreover, it is also a member of MasterCard Internations.

    Notably, MoneyGram International, Inc is an American financial
    company, dealing with operations on the international financial
    markets, offering international monetary transfer services. It is
    headquartered in Minneapolis. The company was founded in 1940. It is
    one of Western Union's rivals on the market of international monetary
    transfers. MoneyGram currently functions in 182 countries of the world.

    We call on the Foreign Ministry, Finance Ministry, National Bank of
    Azerbaijan, Azerbaijan's Cabinet of Ministers, Banking Association of
    Azerbaijan and directors' board of all Azerbaijani banks to interfere
    with the situation and give the worthy response to all monetary
    systems, conducting illegal transfer of money to Nagorno Karabakh
    and take in all details, connected with ArtsakhBank and "shutdown"
    of VTB affiliate in Nagorno Karabakh.
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