Monday, April 25 2022 21:25

CBA warns citizens: "One Card" LLC does not have a license from the  Central Bank and it is very risky to entrust your funds to such an  organization 

CBA warns citizens: "One Card" LLC does not have a license from the  Central Bank and it is very risky to entrust your funds to such an  organization 

ArmInfo.The Central Bank of the Republic of Armenia, having studied numerous applications and received alarms, revealed that "One Card" LLC which operates in Armenia, publicly attracts citizens' funds, proposing to double and return them with a  certain "surcharge".

This is noted in the message of the Central  Bank, in which the Central Bank warns citizens that One Card LLC does  not have any license from the Central Bank of the Republic of Armenia  and it is very risky to trust such an organization with your funds.

"Since this organization, in fact, attracts funds from the general  population, the Central Bank considered it necessary to notify  citizens that the Central Bank of the Republic of Armenia did not  issue a license to One Card LLC to carry out any activity, and  therefore the activity of this organization is not controlled by the  Central Bank. For this reason, the Central Bank cannot control the  risks posed by the activities of this organization, and also cannot  ensure proper protection of the rights of clients, which means that  citizens, entrusting their funds to such organizations, act  recklessly and take a big risk," the Central Bank said in a  statement. RA.

The Central Bank of Armenia has already applied to law enforcement  agencies with a request to check possible violations and the legality  of the actions of "One Card" LLC.

The Central Bank of the Republic of Armenia announces that the list  of financial organizations licensed by the Central Bank is available  on the official website of the Central Bank of Armenia.

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