Remittance dilemma in somalia

==40%== o==f Somalians== rely on ==remittance== to meet ==basic needs==

Remittance supports Somalia economic development and peoples livelihoods

UK and USA banks pulled out of Somalia

• Concerns money was falling into hand of terrorist group Al-shabab
• informal economy
• little government regulation
• lack of anti money laundering laws
• suspicious activity recorded during money transfers