US bank stops money transfers to Somalia
- 12 years ago
A US bank has stopped processing money transfers to Somalia.
The decision by Sunrise comes as Washington is clamping down on financial dealings which could fund what it calls terrorist organisations in the country.
It has angered many Somalis in the US whose relatives back home depend on remittances for survival.
Stefanie Dekker explains.
The decision by Sunrise comes as Washington is clamping down on financial dealings which could fund what it calls terrorist organisations in the country.
It has angered many Somalis in the US whose relatives back home depend on remittances for survival.
Stefanie Dekker explains.