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  • Kenyan money-transfer ban puts strain on Somalis

    The Wall Street Journal - 04/14/2015

    Researchers say banning hawalas could just push terror financing even further from sight.

    “Hawala operates in a part of the world that has no other means of finance. Because they are the only available means, criminals use them, too,” said Nikos Passas, a professor at Northeastern University and a criminologist who advised U.S. authorities on regulating these networks after 9/11.

    “Just as we didn’t shut down the banks that were used for the 9/11 funds, we shouldn’t shut them down,” he said, accusing the Kenyan government of “throwing the baby out with the bathwater.”

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