Add to ORKGSomali migrants around the world send approximately $1.3bn each year to friends and families at home - more than total humanitarian aid to Somalia. Of these remittances, more than £100m million comes from the United Kingdom.This briefing shows how banks and regulators are in danger of inadvertently undermining this lifeline and driving it underground, as the interpretation of legislation on money laundering and counter terrorism becomes tighter in UK and USA, and banks become more risk-averse. Plans by Barclays to close all UK Somali Money Transfer Operators (MTOs) will have an effect beyond the UK, as many MTOs based in Europe route money to Somalia through the UK.Somalia currently has no formal banking sector, and this corridor is the onl...
An estimated 1 billion people globally (200 million of whom were senders) were involved in the proce...
As key governments and institutions from the region and the wider Islamic and Western world gather i...
Somalia has experienced some stability and peace following a civil war that lasted for 20 years, bu...
This briefing shows how banks and regulators are in danger of inadvertently undermining this lifelin...
Every year, the Somali diaspora sends home approximately $1.3bn. Remittances account for 25-45 perce...
This briefing paper investigates the obstacles facing the free and secure flow of remittances from t...
The research investigated the barriers and the challenges that Somali Remittance Companies face and ...
The article analyzes the system and the role of remittances in the context of political instability ...
Migrants’ financial transfers have been estimated to be Somalia’s largest source of revenue. The UK ...
This article considers recent developments in the campaign to combat terrorist financing in Europe a...
Somalia is currently at a tipping point and needs greater support from the international community t...
A remarkable fact of the mushrooming remittances market is the absence of commercial banks as releva...
After the Somali government fell in 1991, the central bank of Somalia became unstable. As a result, ...
This memo provides an analysis of the implications of prospective debt relief for the dynamics of th...
Migrant labourers who cross borders often have to send money back to their various countries of orig...
An estimated 1 billion people globally (200 million of whom were senders) were involved in the proce...
As key governments and institutions from the region and the wider Islamic and Western world gather i...
Somalia has experienced some stability and peace following a civil war that lasted for 20 years, bu...
This briefing shows how banks and regulators are in danger of inadvertently undermining this lifelin...
Every year, the Somali diaspora sends home approximately $1.3bn. Remittances account for 25-45 perce...
This briefing paper investigates the obstacles facing the free and secure flow of remittances from t...
The research investigated the barriers and the challenges that Somali Remittance Companies face and ...
The article analyzes the system and the role of remittances in the context of political instability ...
Migrants’ financial transfers have been estimated to be Somalia’s largest source of revenue. The UK ...
This article considers recent developments in the campaign to combat terrorist financing in Europe a...
Somalia is currently at a tipping point and needs greater support from the international community t...
A remarkable fact of the mushrooming remittances market is the absence of commercial banks as releva...
After the Somali government fell in 1991, the central bank of Somalia became unstable. As a result, ...
This memo provides an analysis of the implications of prospective debt relief for the dynamics of th...
Migrant labourers who cross borders often have to send money back to their various countries of orig...
An estimated 1 billion people globally (200 million of whom were senders) were involved in the proce...
As key governments and institutions from the region and the wider Islamic and Western world gather i...
Somalia has experienced some stability and peace following a civil war that lasted for 20 years, bu...