BREAKING NEWS

Somali groups suspend wire transfers from Minnesota

By REUTERS

DECEMBER 30, 2011 03:37

A group of businesses providing money transfers between Minnesota and Somalia suspended services Thursday, saying it was forced into the move after a US bank shut down what the group called a vital lifeline to the war-torn African country.

Somalia has appealed the decision by Sunrise Community Banks to end the remittances program from Minnesota, the state that is home to the largest Somali-American community in the United States. US-based Somalis send about $100 million back home each year, according to the US Treasury.

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