The U.S. Treasury Department is ramping up oversight of funds flowing into Somalia through non-traditional banking channels. Treasury Secretary Scott Bessent announced that his department will intensify scrutiny on these financial flows to ensure compliance and combat illicit activities. This move reflects broader regulatory trends as governments worldwide tighten controls over cross-border payments and alternative remittance systems. The enhanced monitoring could impact how financial institutions and fintech platforms handle transactions in the region.

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NFTArchaeologistvip
· 2h ago
The US has started freezing Somalia's funds again; their regulatory reach is really extensive...
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CryptoMotivatorvip
· 12-13 21:42
The US is at it again, targeting Somalia’s money... These regulatory measures are getting more and more aggressive. Fintech friends, be careful.
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TestnetScholarvip
· 12-12 19:56
The US Treasury is once again scrutinizing Somalia's fund flows, claiming it's to combat illegal activities... How many times have we heard this excuse? Isn't the real goal just to control the global payment system?
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hodl_therapistvip
· 12-12 19:56
The Federal Reserve is causing trouble again, focusing on Somalia's capital flows... To put it simply, it's the same old trick, nominally to combat illegal activities, but in reality, it's just trying to bring everything under regulatory control.
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MEVSandwichVictimvip
· 12-12 19:48
Regulation is coming again. If this continues, how will ordinary people send money home...
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ImpermanentPhilosophervip
· 12-12 19:33
Here comes another regulation on cross-border payments, this time targeting Somalia. Fintechs should be worried now.
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PhantomHuntervip
· 12-12 19:32
Starting to focus on the money over in Africa again. The methods used by the US are truly relentless.
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OnchainGossipervip
· 12-12 19:30
The U.S. Department of the Treasury is causing trouble again. The non-traditional banking channels in Somalia are about to be shut down... Basically, they want to cut off the gray areas. The fintech sector might need to readjust its strategy.
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