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<p>The UK Government is committed to supporting a healthy and legitimate remittance
sector, and ensuring that UK citizens are able to continue to remit funds safely to
family abroad. That is why, in response to the withdrawal of banking services from
the Money Service Business sector we set up an Action Group on Cross Border Remittances
to address this issue. The group is monitoring changes to the market, has developed
guidance for MSBs and banks and is promoting a shared understanding of risk. The group
is also overseeing the development of a Safer Corridor to ensure the continued, secure
flow of remittances to Somalia.</p><p> </p><p> </p><p> </p><p>Treasury Ministers have
been engaging closely with the banking industry both through the British Bankers Association
and directly with those banks involved in this issue, including personally writing
to and phoning a number of banks.</p><p> </p>
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