Money transfer system MoneyPolo banned in Azerbaijan


December 25, Fineko/ The Financial Markets Supervision Chamber (FIMSA) has suspended activity of money transfer system MoneyPolo in Azerbaijan.

FIMSA reports that operation of the system in Azerbaijan has been stopped due to the violation of international legal norms and non-recognition of country’s territorial integrity, illegal money transfers in the occupied territories of the country.

"Thus, the system may become an important tool for money laundering and financing of terrorism. Given the above-listed facts, the banks operating in the country and national postal company Azerpocht are instructed to suspend business relations with money transfer system MoneyPolo,” FIMSA said.




Ключевые слова: FIMSA MoneyPolo