Wednesday, September 4, 2013

Immigration beat: Groups tout value of money exchanges for Somalia


Article by: MARK BRUNSWICK , Star Tribune

More than $215 million a year is sent to Somalia by relatives in the United States, with much of that originating in Minnesota.

The process, which involves sending cash through money-transfer operators, is known as remittance and has become the subject of controversy amid concerns that the money could be used to fund terrorist activities.

On Friday, several nongovernment organizations will be holding a briefing in Minneapolis to talk about a recently released report on the importance of opening up the markets for remittance, including recommending improvements on how the money is monitored.

Source:  startribune.com

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