Monday, September 24, 2018

Moneygram hit with largest fine in Austrac’s history

The Australian Transaction Reports and Analysis Centre has levied its largest ever fine on one of the world's biggest remittance network providers, as a...

International Money Transfer Conference to Hold Blockchain and Remittance Day

An annual international remittance conference will hold a day dedicated to the blockchain and teach attendees about the technology that could potentially disrupt their...

Somalia outrage at remittance bans

Somalia's president has lashed out at the government of neighbouring Kenya - accusing it of a "heavy-handed" approach to regional security, and specifically criticizing...

Mayor Murray Lobbies John Kerry on Somali Remittance Crisis

Mayor Ed Murray met with Secretary of State John Kerry yesterday during the Secretary’s visit to Seattle. As promised, the mayor took the opportunity...

Big Banks Plead Guilty To Market Manipulation, Will Pay $5.8 Billion

The age of multibillion-dollar bank fines with no admission of wrongdoing is over. The Justice Department announced Wednesday morning that five banks pleaded guilty...

Somalis: life after the closure of money remittances

It’s been about two months since Kenya closed remittance accounts to Somalia over suspicions of financing terrorism. Considering how much the Somalia economy depends...

REPORT: Money Keeps Moving Toward Somalia, Sometimes In Suitcases

Some financial companies in the U.S. resort to carrying cash on airplanes to keep remittances flowing to needy Somalis. The closing of one of the...

Dahabshiil maintains lower commission rates despite price changes

On 15 May 2015 Dahabshiil made some slight adjustments to some of its commission fees for international money transfers, a FAQ brief published on...

Banks Rule the World, but Who Rules the Banks?

These days, it is already a truism that the hegemony of the US is based on the Federal Reserve System’s (FRS) printing press. It...

Migration and Development: The $100 billion idea

Later this year the Financing for Development summit will take place in Addis Ababa. The discussion will focus on the post-2015 agenda and the...

Latest article

Losing faith in own currency? 10 countries where a loaf of bread costs a...

How often does the worst happen, when the people of the nation have lost faith in the value of their currency? More often than...

Kenya: Youth join Al Shabaab out of desperation

Leaders from Northeastern have been urged to educate residents on the need to form groups to be eligible for government grants. Youth Chief Administrative Secretary...

Somalia: Resigning Minister accuses Puntland presidency of engineering corruption

The Minister of Environment and Climate Change of Puntland State in northwestern Somalia, Ali Abdullahi Warsame has resigned from the cabinet on Sunday, citing...