Somali Remittances Still Flowing, for Now
▻http://thecable.foreignpolicy.com/posts/2014/06/09/somali_remittances_still_flowing_for_now
Companies that send money back to East Africa from immigrants living in the United States may soon have to close up shop because they can’t find U.S. banks willing to wire the money for them. As Foreign Policy first reported last month, one the few remaining banks working with the small money transmitters, Merchants Bank of California, still plans to shut accounts, just not immediately. Instead of closing the accounts on June 20, they will be closed July 31.