Tens of thousands of refugees are on the move across Europe. For financial service providers such as Western Union, they're an attractive market. But despite their often high fees, such services are the only way for many refugees to obtain funds.
Every year, Africans who live abroad send billions of dollars to their families back home. But the COVID-19 crisis means these remittance flows have dried up. For some, the consequences could be fatal.
Migrants often make international payments to support their families back home. Now these important transfers have declined dramatically amid the global coronavirus outbreak.
Shady transactions for Wirecard, the porn industry and dubious customers from Afghanistan: The FinCEN files cast the Turkish Aktif Bank in a bad light and suggest evidence of money laundering.
African migrants and refugees relocated to Rwanda are relieved to have escaped hellish conditions in Libyan camps. But they will not give up on their original goal of reaching Europe and are starting to feel restless.
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