abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

5 Nov 2013

Author:
Edwin Lane, BBC

Somali remittances granted reprieve

Somali money transfer service Dahabshiil has won an injunction preventing Barclays from cutting its banking services. The injunction means customers will be able to transfer money through Dahabshiil for the foreseeable future. Barclays had planned to cut off services to the company amid concerns over money laundering. Dahabshiil is the largest provider of remittance services to the 100,000 Somalis living in the UK. They are believed to send back millions of pounds every year to friends and relatives in Somalia - a vital source of income for the impoverished country. "The Court handed down its judgment, granting an interim injunction which has the effect of preserving Dahabshiil's banking arrangements with Barclays until the conclusion of a full trial," a Dahabshiil statement read. "This is not just a victory for Dahabshiil. It is a victory for the millions of Somalis and other Africans, many of whose livelihoods depend on our services."