(QHA) -

The Golden Crown Money Transfer System has ceased its work in Crimea. Crimean branches of Russian Pervomayskiy, CHBRR, Kraynivestbank and JUST banks have confirmed the information, saying the Golden Crown system is no longer available in the region.

However, there are some reports that the Golden Crown may resume its work in Crimea in 2015, still the reports are neither confirmed nor denied by the company.

This comes months after all the Ukrainian banks suspended their work and close all their branches in Crimea, following the region’s annexation by Russia.

Note: The Golden Crown Money Transfer System offers a possibility to make instant addressless money transfers across Russia and to the neighboring countries: Abkhazia, Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbekistan, and Ukraine, as well as to other foreign without opening a bank account.

The Golden Crown Money Transfer System has been operating in the money transfer market since 2003 and services the whole FSU territory through over 34,000 service points.