Description: Sending money home is a common practice across diasporas globally, but remittances in the Somali community are different. They are often referred to as the “lifeline” of Somalia by development and aid agencies, yet at the same time, they are perceived as a security risk by counterterrorism and security organizations. This essay offers a brief overview of Somali money transfer businesses and the challenges of regulating them across jurisdictions. It concludes that the international community should and can do more to look at the problem from developmental and security perspectives so that remittances can continue to flow, even as they comply with international safeguards. A Global Agenda is a compilation of essays by academics, policy experts, UN experts, and journalists on the most important geopolitical issues in the world today.
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