Thursday, November 19, 2015

Anti-terror Restrictions Interrupt Somali Remittances

Bloomberg published on 12 November 2015 an article titled "Crossed Wires Starve Somalia of Cash" by Matt Mossman.  Somali remittances have dropped from 22 to 50 percent because of US anti-terrorist restrictions over concerns about money laundering.  An expert at Australia's Griffith University says there is little evidence to suggest the US restrictions have curbed money laundering.

No comments:

Post a Comment