Overseas Development Institute calls for Financial Conduct Authority to investigate Western Union and Moneygram
Britain's leading money transfer companies are imposing a "super tax" on remittances to Africa and should be investigated by the government's consumer watchdog, the UK's leading international development thinktank said on Wednesday.
The Overseas Development Institute called on the Financial Conduct Authority to look into Western Union and Moneygram as it issued a report which said Africa was losing $1.8bn a year from excessive charges on money sent home by workers in the rest of the world.
[view whole blog post
]
 |
 |
 |
 |
 |
 |
|
See More
Report Abuse