AF-Somalia-US Story - ABC News

February 18, 2015 9:25 PM

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In a story Feb. 12, The Associated Press reported that the U.S., the U.K. and other countries have expressed concerns that Somali money-transfer agencies are being used to help fund Islamic extremist groups. According to a 2013 statement from Barclays bank, the U.K. regulatory body Financial Conduct Authority said some money-transfer agencies were complicit in such activities.

The subsequent reference in the story to Dahabshiil, a money-transfer agency, as being one of the companies with which Barclays bank cut ties, should have made it clear that Dahabshiil was not itself accused of being complicit in the funding of Islamic terrorist groups. In fact, Barclays announced i...

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