Somalis send money to their family members in Somalia. Many living in the war-ravaged nation that have no other source of income. Please support the fight to restore what is a lifeline for many in the war-torn nation.
Years ago, several banks had accounts with the Somali-owned money service businesses, also known as hawalas. But they pulled their support after the Sept. 11, 2001, terrorist attacks, amid increased federal regulation designed to combat the flow of money overseas to terrorists.
Only one banking company — Sunrise Community Banks — remained in business with the hawalas. Sunrise closed its accounts with the hawalas on Dec. 30, 2011 citing liability concerns due to the regulations.
Please Support The Somali Remittance "Hawala"