Remittance Logjams

ACORN International Citizen Wealth Remittances

Little Rock   Immigrants to the United States, Canada, and Europe from Somalia, Bangladesh, Haiti, and Nigeria where banking systems are unstable or virtually nonexistent are about to face expensive and difficult burdens as more banks curtail money transfer services for fear of running afoul of thorny terrorism regulations.   The British-based bank, Barclays, has announced that …

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Disclosing Corporate Payments to Foreign Governments on Remittances


New Orleans There is some low-grade whining about some of the amendments that were added to the Dodd-Frank legislation last year which was intended to hold financial institutions more accountable.  Congressman Barney Frank successfully added an amendment requiring companies to disclose payments to foreign governments around oil and natural gas extraction.  Other companies are required …

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