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| Appeal: Olympic gold medalist Mo Farah |
Olympic champion Mo Farah today warned that his charity for Somalia will suffer if banks pull the plug on cheap money transfers to the Third World.
The athlete backed a 25,500-name petition demanding that Barclays bank — which has warned 250 UK money transfer companies it will close their accounts for fear of falling foul of new money-laundering regulations — keeps open the “lifeline” to families in poor countries. Shadow aid minister Rushanara Ali was leading a protest to Downing Street. The move would also affect Britons sending money to relatives.
Farah, 30, said aid organisations also relied on the money-transfer companies to pay staff: “We will no longer be able to get money to the people who so desperately need it.”
Source: standard.co.uk
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