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Hawalas

(credit: Yasuyoshi Chiba/AFP/Getty Images)

Minn. Somalis Close Well Fargo Accounts In Money Transfer Protest

At a mid-town Wells Fargo bank a large group of Minnesota Somalis gathered Friday to remove their money from the bank and protest.

01/13/2012

(credit: JOSE CENDON/AFP/Getty Images)

Minn. Money-Transfer Shops Stop Taking Somali Cash

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.

12/29/2011

(credit: Yasuyoshi Chiba/AFP/Getty Images)

Reprieve For US Somalis On Money Transfer Issue

A bank that handles the majority of money transfers from Minnesota to Somalia said Friday it would continue that service until Dec. 30, allowing funds to keep flowing into the war-torn and famine-stricken country while officials discuss ways to reduce the bank’s risk.

12/09/2011

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