Local

Minn. Money-Transfer Shops Stop Taking Somali Cash

View Comments
(credit: JOSE CENDON/AFP/Getty Images)

(credit: JOSE CENDON/AFP/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Nine Twin Cities Cops Attend Funeral Of Slain New York Officer
  2. 4 Things To Know For Dec. 28, 2014
  3. Cops: Alcohol May Be A Factor In Maple Grove Crash
  4. Wis. Man Keeps Christmas Tree Up For Decades
  5. Cold Spring 15-Year-Old Is World Champion At Racquetball

MINNEAPOLIS (AP) — Money-transfer businesses that cater to Somali immigrants in Minnesota have stopped accepting money bound for the East African country, a day before a key bank was due to stop processing the transactions.

Hinda Ali, a spokeswoman for the Somali-American Money Services Association in Minneapolis, says 15 money-transfer businesses stopped taking the money because of the decision of Sunrise Community Banks.

The bank announced previously that it would stop processing the transactions on Dec. 30 because it feared it could risk violating government rules intended to fight the financing of terror groups.

On Thursday, the bank released a statement saying it wouldn’t process the transactions without a waiver from the government. It said it would continue to seek one.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,592 other followers