Friday, January 30, 2015

Bank Crackdown Threatens Remittances to Somalia

Foreign Policy published on 30 January 2015 an article titled "Bank Crackdown Threatens Remittances to Somalia" by Jamila Trindle.  The article notes that Merchants Bank of California, which handles 60 to 80 percent of the remittances sent to Somalia from the United States, announced it is dropping the accounts of companies that transfer money on behalf of Somalis in the United States.

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