INECOBANK GRANTED LICENCE FOR PARTICIPATION IN "MONEY GRAM" PAYMENT AND SETTLEMENT SYSTEM
Noyan Tapan
March 11, 2008
YEREVAN, MARCH 11, NOYAN TAPAN. At the March 11 sitting, the Central
Bank of Armenia (CBA) Board approved the regulations "The Minimum
Requirements on Internal Supervision of Banks" and "The Standards for
Being Considered as Qualified Investors and the Registration Order of
Persons as Qualified Investors", as well as "The Order and Requirements
of Issue and Publication of Periodicals of the CBA", and the design
and technical standards of the commemorative coins "15 Years of the
National Dram" and "10th Anniverasry of the Cassation Court of the RA".
According to the CBA press sertvice, the CBA Board made amendments
in the regulations "The Regulation of Activities of Banks, the Main
Economic Norms of Banking Activity" and "Cash Operations in Credit
Organizations Operating in the Territory of the Republic of Armenia".
By the decision of the CBA Board, Inecobank CJSC was granted permission
to participate in "Money Gram" foreign payment and settlement system,
Leader Brok LLC was granted a licence for insurance brokerage, while
Norsed LLC – a licence for purchase and sale of foreign currency.
By another decision, the CBA Board cancelled AMR Group LLC’s licence
for pawnshop organization, as well as Sarinian & Co investment LLC
‘s brokerage licence and the licence for purchase and sale of foreign
currency.