Mo Farah: My family will 'struggle' if money transfer service accounts to Somalia close

Olympic gold medallist Mo Farah says that his extended family will struggle if Barclays goes ahead with plans to shut systems that allow money transfers to accounts in Somalia.

Cash transfer businesses including Dahabshiil, the largest in the UK providing money transfer services to Somalia, are set to close over fears that they were being used for money laundering.

ITV News reporter Rags Martel reports:

In May, Barclays, who are the last major British bank to still provide such services to the country, announced it could close the accounts of Dahabshiil and similar companies.

A petition has been signed by more than 100 researchers and aid workers to prevent the closure of the Dahabshiil account and the signatories have urged the UK government to extend the bank's decision deadline beyond 12th August 2013.

Barclays issued the following statement in response to claims that money transfer services accounts will close.