It’s About Time: U.S. banks cut off cash transfers to Somalia amid terrorism concerns

With the total shutdown of cash transfers from U.S. banks — which had been moving about $200 million per year to Somalia from emigres like Sheikh — the humanitarian impetus to help the country survive and rebuild has been trumped by the more urgent need to prevent the illegal funding of crime and terror.

http://www.washingtonpost.com/local/us-banks-cut-off-cash-transfers-to-somalia-amid-terrorism-concerns/2015/02/13/f95c696c-b155-11e4-854b-a38d13486ba1_story.html