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Zolotaya Korona refuses to comment on CB’S decision to withdraw its license

10.10.2012 20:16

Zolotaya Korona refuses to comment on CB’S decision to withdraw its license

YEREVAN, October 10. / ARKA /. The leadership of Russian Zolotaya Korona (Golden Crown) international money transfer system refused to comment on a ruling by the Armenian Central Bank terminating its operation license in Armenia.

“Our leadership has decided to not comment on the decision of Armenia’s Central Bank,’ Zolotaya Korona said in response to an ARKA question to comment the decision.
On October 8 the Central Bank of Armenia said it had withdrawn the license awarded to Russian Zolotaya Korona money transfer system. It said a study had found out that Zolotaya Korona repeatedly restricted the access of some branches of several Armenia-based banks to its remittances system

The Central Bank said it had sent a letter to Zolotaya Korona to notify it about this problem offering to fix it immediately. It was also warned against possible consequences if it failed to fix the problem.

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