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The Tap Is Closing – Immigration and unemployment are affecting how much money is being sent from the US, which is doing severe damage to Latin American economies which depend on these remittances.
Tagged: latin america, remittancePosted on: October 16th, 2007“John Warner, MoneyGram manager for Latin America, has faced major challenges in his over 20 years of running the remittance business, including recessions and harsh attacks by the competition.
But one day toward the beginning of this hear he ran up against the real boogeyman of the industry: US immigration authorities, a.k.a. the “migra”, is scaring his customers away from MoneyGram agent locations, where they lie in wait for them on payday to arrest and deport them.”*
Curation from Tomás
Filed Under: 1. Hispanic News, Business, Business News, Top Stories, Your Money
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