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Banks: No money to Somalia until risks reduced

 

News Analysis

By Mel Reeves

Contributing Writer

 

“This is not fair. It’s not fair to single out one community. The lifeline for so many innocent people depends on the money we send,” said Abdulaziz Sugule, the former chairman of  SAMSA (Somali American Money Service Association) referring to Franklin Bank’s decision to end remittances to Somalia last December 30. “I hope elected officials will come up with a workable solution.”

Sugule and many of the nearly 70,000 Somali that live in Minnesota are extremely anxious and worried about how they are going to get money to their families in Somalia. In some cases it is the only money they receive. Continue Reading →

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