Merchants Bank Ends Service, Cuts Off Transfers to Somalia

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Pressured by the U.S. government’s anti-terrorism crackdown, Carson’s Merchants Bank of California has said it will stop wiring money from Somali immigrants in the United States to their families in their war-ravaged home country, the Los Angeles Times reports. Merchants Bank had started the process of cutting off Somali money transfers in the middle of last year, as the Los Angeles Business Journal reported.

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