2 April 2012
Capitalizing on Trust
Harnessing Somali Remittances for Counterterrorism, Human Rights and State Building
This report provides a fresh analysis of the Somali remittance industry. It also contributes ideas on how to regulate remittances more effectively, and thereby decrease their role in money laundering and terrorist financing schemes. To accomplish these goals, the report provides a brief overview of how Somali remittance organizations (SROs) are organized, how they are regulated, and how they might be regulated better. Absent such improvements, remittances will continue to help underwrite instability rather than peace, prosperity and human rights.
© 2012 Center on Global Counterterrorism Cooperation (CGCC)
James Cockayne, Liat Shetret