Oxfam reacts to Barclays last minute extension to Somali remittance closures

Posted by Grace Cahill Humanitarian Press Officer

30th Sep 2013

In response to Barclays move to extend the closure of one major Somali money transfer organisation, Oxfam's Director of Campaigns and Policy, Ben Phillips, said: 

"Barclays' eleventh hour decision offers a brief respite but more needs to be done to allow Somalis living in the UK to continue supporting their loved ones. Three other money transfer organisations' accounts still face closure by Barclays today and a two week extension is unlikely to be enough to find a workable solution. Barclays needs to keep all accounts open until a long term answer is found. 

"The Treasury should now show leadership by urgently pushing for a robust solution that ensures ordinary Somalis are not penalised by regulations intended to crack down on illicit financial flows." 

For more information or to arrange an interview, please contact Grace Cahill on +44 788 159 4370 / +44 1865 473415 /gcahill@oxfam.org.uk

Note: the original reaction stated three other money transfer organisations faced closure.  To clarify, three other money transfer organisations face the closure of their accounts with Barclays on Monday 30 September.

Blog post written by Grace Cahill

Humanitarian Press Officer

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