The US-based Merchants Bank of California says it will stop its services to money transfer companies in Somalia. Photo: AFP The US-based Merchants Bank of California says it will stop its services to money transfer companies in Somalia. Photo: AFP
The US-based Merchants Bank of California says it will stop its services to money transfer companies in Somalia. Photo: AFP

Ordinary Somalis hit by anti-terror banking rules

Crackdown on the ancient transfer system could drive remittances underground, charities warn

The US-based Merchants Bank of California says it will stop its services to money transfer companies in Somalia. Photo: AFP The US-based Merchants Bank of California says it will stop its services to money transfer companies in Somalia. Photo: AFP
The US-based Merchants Bank of California says it will stop its services to money transfer companies in Somalia. Photo: AFP
READ FULL ARTICLE