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Putting Lives at Risk

This is a community report to respond Barclays PLC decision to close the accounts of Somali MSBs, which is a matter of grave and urgent concern to the Somali community in the UK, including our members. It constitutes a viable and essential delivery of support to an estimated 40% of the population of Somalia. MSBs provide fast, reliable, trusted and secure transmission of funds from the Somali-British community, and from Somali diaspora communities elsewhere who send remittances to their relatives in Somalia who depend on this source of income.