US bank stops transfers to Somalia

Somali-Americans protest against decision by bank, which says it is merely following US law.



    A US bank has stopped money transfers to Somalia, saying it is following US laws.

    Sunrise Community Banks, the only one in the Minneapolis-Saint Paul area, says it is merely complying with US laws on financing what Washington calls "terrorist organisations".

    The move has angered many Somalis in the US whose relatives back home depend on remittances for survival. Bank officials have said they fear being prosecuted under federal laws and say it is not worth the risk.

    Al Jazeera's Stefanie Dekker reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Assad to Putin: Thank you for 'saving our country'

    Assad to Putin: Thank you for 'saving our country'

    Russian and Syrian presidents meet to discuss strategy against 'terrorism' and political settlement options.

    What is behind the covert Israeli-Saudi relations?

    What is behind the covert Israeli-Saudi relations?

    Analysts say that the recent covert ties between Israel and Saudi Arabia are due to a new regional paradigm.

    Is Saudi Arabia becoming a danger to the region?

    Is Saudi Arabia becoming a danger to the region?

    We talk to US Congressman Ro Khanna about power politics and debate Mohammed bin Salman's new strategy for the Kingdom.