Keyword: moneytransfers

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  • Immigrants From Latin America and Africa Squeezed as Banks Curtail International Money Transfers

    07/07/2014 12:03:56 PM PDT · by Oldeconomybuyer · 3 replies
    New York Times ^ | July 6, 2014 | By MICHAEL CORKERY
    As government regulators crack down on the financing of terrorists and drug traffickers, many big banks are abandoning the business of transferring money from the United States to other countries, moves that are expected to reverse years of declines in the cost of immigrants sending money home to their families. While Mexico may be most affected — nearly half of the $51.1 billion in remittances sent from the United States in 2012 ended up in that country — the banks’ broad retreat over the last year is affecting other countries in Latin America and parts of Africa as well. The...
  • Minn. Somalis Close Well Fargo Accounts In Money Transfer Protest

    01/13/2012 4:48:20 PM PST · by ButThreeLeftsDo · 17 replies · 1+ views
    WCCO.com ^ | 1/13/12 | Edgar Linares
    At a mid-town Wells Fargo bank a large group of Minnesota Somalis gathered Friday to remove their money from the bank and protest. The group says Wells Fargo has been unwilling to work with them to get money to Somalia. Last December more than a dozen Twin Cities businesses known as Hawalas stopped offering money transfers to the east African Country. They stopped because of provisions aimed at keeping funds out of the hands of terrorists. “This is a humanitarian crisis,” said Abdirahman Muse, a former Wells Fargo customer. “Hawalas are the only way we can send money to our...
  • DEA Raids Car Dealership with Alleged Ties to Terrorist Group Hezbollah

    12/18/2011 7:59:04 PM PST · by Nachum · 27 replies
    Fox News ^ | 12/18/11 | Fox News
    Drug Enforcement Administration agents have raided an Oklahoma car dealership that the government suspects may be one of about 30 such businesses in the U.S. involved in funding the terrorist group Hezbollah. DEA agents say the car lot of Ace Auto Leasing in Tulsa is part of a huge network that is selling cars and drugs -- and then using the money to support terrorism against the U.S., myfoxphoenix.com reports. During Friday's raid, agents could be seen carryout out filing cabinets and other items. They also questioned employees and took inventory. "They're making big time money and it's going right...
  • Somalis Leaving U.S. for Jihad

    12/12/2008 3:57:22 AM PST · by Cindy · 157 replies · 3,859+ views
    PAJAMAS MEDIA via FRONTPAGE MAGAZINE.com ^ | December 12, 2008 | Patrick Poole
    Pajamas Media | Friday, December 12, 2008 The funeral for Shirwa Ahmed last week in Burnsville, Minnesota, punctuated a growing national security threat metastasizing inside the U.S. — one Homeland Security and law enforcement authorities have quickly taken note of. Ahmed, who killed himself in a suicide bombing attack in Somalia in October, is just one of up to 40 men from the Twin Cities area who have disappeared and are feared to have returned to their homeland for training with the al-Shabaab terrorist group to wage jihad. The FBI is investigating similar disappearances in other major Somali communities in...
  • 14 Indicted for Supporting al Shabaab

    08/05/2010 3:06:36 PM PDT · by Cindy · 44 replies · 2+ views
    FBI.gov ^ | n/a
    Note: Photo and Graphic Included. NOTE The following text is a quote: FIGHTING TERROR 14 Indicted for Supporting al Shabaab 08/05/10 Two Americans are under arrest and 12 other U.S. citizens have been charged with acts of terrorism that include providing money, personnel, and other material support to the Somali-based terrorist organization al Shabaab. Results of an FBI-led global investigation were announced today at Department of Justice headquarters in Washington, where indictments were unsealed charging individuals in Minnesota, Alabama, and California. Twelve of the 14 under indictment are fugitives believed to be in Somalia. About al Shabaab On Feb. 29,...
  • Eight Area Men Sentenced on Federal Racketeering Charges Involving Conspiracy...

    04/02/2010 3:41:06 AM PDT · by Cindy · 8 replies · 579+ views
    Note: The following text is a quote: Eight Area Men Sentenced on Federal Racketeering Charges Involving Conspiracy to Transfer Cash and Checks to the Palestinian Territories ST. LOUIS, MO—The United States Attorney’s office announced today that eight members of a criminal enterprise operating out of five St. Louis area convenience stores have been sentenced on charges of federal racketeering or related charges. As far back as 2000, the RICO conspiracy has involved bank fraud, receipt of stolen property, conducting an unlicensed money transmitting business, purchasing contraband cigarettes for resale, evading reporting requirement on exporting monetary instruments, and transporting monetary instruments...
  • Update:13 Soldiers Killed 31 Wounded Fort Hood Shooting [Muslim terrorist Maj. Nidal Malik Hasan]

    11/05/2009 12:18:55 PM PST · by DCBryan1 · 2,869 replies · 134,525+ views
    ABC ^ | 05 NOV 09
  • FBI raids Mpls. money-transfer business (Guess Who!!)

    04/08/2009 9:30:28 PM PDT · by ButThreeLeftsDo · 16 replies · 1,415+ views
    KSTP.com ^ | 4/8/09 | AP/Nicole Muehlhausen
    Federal agents searched three money-transfer businesses in Minneapolis on Wednesday, carrying away boxes of documents and copying computer hard drives in a quest for details of financial transactions between the U.S. and several African nations. Agents searched Mustaqbal Express, also known as North American Money Transfer Inc.; Quran Express; and Aaran Financial. FBI spokesman E.K. Wilson confirmed the searches but wouldn't elaborate on the reason.
  • Terror Finance Experts: Regulators Ignore Mobile Phone Payments Threat

    02/21/2007 3:53:11 PM PST · by IsraelBeach · 3 replies · 415+ views
    Israel News Agency ^ | February 21, 2007 | David Marcus
    Terror Finance Experts: Regulators Ignore Mobile Phone Payments Threat By David Marcus Israel News Agency Jerusalem ----- February 21, 2007 .... A new initiative to allow cell phone owners worldwide to send each other money through the mobile network is a dream scenario for terrorists, but the international financial regulators appear to be doing nothing about it. Al Qaeda, Hizbollah, Hamas members and their ilks the world over are delighted. Soon, they and other criminals will be able to use cell phones to transfer money around the globe. The warning comes from two experts on terror financing in the USA...
  • Latin American and Caribbean emigrants sent to their countries $45.8 billion in 2004

    03/23/2005 4:26:19 PM PST · by El Conservador · 22 replies · 491+ views
    El Tiempo (Bogotá, Colombia) ^ | March 23, 2005 | AFP
    It's a 20% increment with respect to 2003. The region is the first destination for these transfers, according to the Inter-American Development Bank (IADB). According with the IADB, the 25 million Latin American and Caribbean emigrants, setled mainly in Europe and the United States, have made this region the first destination for money transfers in a global market that moves some $120 billions dollars a year. These 45 billion dollars surpass the sum of all direct foreign investment and foreign aid received by the region. Mexico was the main transfer receiver in the region, with more than 16 billion de...
  • Reuteman: Tancredo's name mud with execs at First Data

    06/14/2004 7:47:14 PM PDT · by hedgetrimmer · 194 replies · 300+ views
    InsideDenver.com ^ | June 5, 2004 | Rob Reuteman
    Tom Tancredo has made a powerful new enemy. First Data - Colorado's second-largest corporation in terms of revenue and market cap - is hopping mad over the Littleton Republican's proposal to slap a 5 percent tax on money transfers to people in other countries. And, as late as Friday afternoon, they were no less upset that the controversial congressman has quietly dropped the idea. "It appears to me he's trying to get over a big 'oops,' " said Fred Niehaus, senior vice president for public affairs with First Data. "That doesn't cut it. This guy is off in left field,...
  • An Islamic E-mail Fraud

    11/29/2002 5:11:14 AM PST · by M.K. Borders · 2 replies · 206+ views
    An E-mail sent to me | 29 Nov, 2002 | Unknown
    I recieved this just today. Though an obvious scam if not an out-right joke, I thought enough about it to pass it along to the FBI. Notice the links at the bottom of the message. FROM:Jerry Williamtutu. PHONE:(874)-762864167, FAX :(874)-762864168 &nb sp; (URGENT AND CONFIDENTIAL) RE: TRANSFER OF ($26,000.000.00 USD} TWENTY SIX MILLION DOLLARS Dear Sir, We want to transfer to overseas account ($26,000.000.00 USD) Twenty six million United States Dollars) from a Prime Bank here in South Africa, I want to ask you, If you are not capable to quietly look for a reliable and honest person who will...