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NYT: Prof. Ken Menkhaus Quoted in "Somalis Face a Snag in Lifelines From Abroad"

by Davidson College

Humanitarian groups, politicians and Somalis themselves are now sounding the alarm over plans by the British bank Barclays to suspend the accounts of a number of money transfer companies used to send money to developing countries - rather than risk a run-in with regulators over potentially abetting the financing of terrorists or money laundering.

Ken Menkhaus, a professor of political science at Davidson College in North Carolina, said Somalis would find a way to get money back home eventually.

"They have hundreds of creative ways of moving money, but it will be less efficient, it will be costlier," Mr. Menkhaus said. "If Somalis start doing everything under the table, that's bad for us, bad for them, bad for everybody."

Read more at NYTimes.com »