Azerbaijan, Baku, June 29 /Trend, N.Ismayilova/
The Central Bank of Azerbaijan (CBA) does not intend to cooperate with companies engaged in illegal activities on the Azerbaijan territories occupied by Armenia, the deputy chairman of the CBA Board Aftandil Babayev said on June 29.
"We are reacting to the activities of companies engaged in money transfers on the occupied territories, take appropriate actions and even suspend cooperation if they continue their activities on these territories. The money transfer systems take this into account and correct their mistakes," Babayev said.
Earlier, to eliminate these facts, the Central Bank made warnings to money transfer systems and supervisory authorities of countries in which they are located, requiring the suspension of money transfers on the occupied territories, and informing that would otherwise be a ban on cooperation with Azerbaijani banks.
Within its power, the CBA continues to conduct activities to ensure a healthy financial mediation.
The CBA notified banks in Azerbaijan not to engage in money transactions using the MIGOM system as of June 8 and LEADER - June 12.