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Midweek Roundup: U.K. to Create ‘Safe Corridor’ for Somali Wires, Court Bars Redaction in Federal Reserve Lawsuit, and More
printThe United Kingdom will create a "safe corridor" for money transfers to Somalia in response to decisions by British banks to end their remittance services in the country, the Financial Times reported Sunday. The U.K. Department for International Development, Treasury and National Crime Agency will be tasked with monitoring payments. Barclays, the last British bank to exit the sector, closes its remaining Somali account Oct. 16. More A conservative think tank that has influenced U.S. sanctions packages is promoting a plan that would reward potential Iranian concessions in nuclear talks with the release of Iranian funds held in escrow accounts,...
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