ANOTHER BIGGER MONETARY TRANSFER SYSTEM MONEYGRAM SUPPORTS SEPARATISTS OF NAGORNO KARABAKH – PHOTO
July 28 2008
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.