Money transfer stoppage 'tightening Gaza siege'

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GAZA CITY (Ma'an) -- Palestinians in the Gaza Strip have told Ma'an that the recent restrictions on Western Union money transfer services are tightening the siege on the coastal strip.

The currency wire service enabled residents to avoid lengthy bank transfer procedures, and the monitoring of transactions by Israel and the US, experts said on Saturday.

Western Union has stopped its services to many currency exchange stores in the coastal enclave over concerns about money laundering, Palestinian Monetary Authority Governor Jihad al-Wazir said last week. more

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