Sunrise Community Banks
Hundreds of Minnesota Somalis are rallying to draw attention to the closing of businesses they use to send money back to Somalia.
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.
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.
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