The Trump administration's new taxes and regulations on money transfers to Somalia could destabilize East Africa, impacting families.

Add Yahoo as a preferred source to see more of our stories on Google. Amaana, a money transfer service on Lake Street in south Minneapolis. Remittances are now subject to a 1% tax. (Photo by Nicole ...

At Minneapolis–Saint Paul International Airport, the volume of cash leaving in passenger luggage has turned a regional hub into a national outlier. What began as a local curiosity about suitcases ...

(Bloomberg) -- Treasury Secretary Scott Bessent said his department will enhance scrutiny of funds heading to Somalia outside of the traditional banking system, potentially stepping up pressure on a ...

WASHINGTON (AP) — The Treasury Department is targeting businesses that people use to wire money to family members abroad as the Trump administration rachets up investigations into fraud within ...

NAIROBI - Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni under U.S. sanctions for alleged militant ...