Mexico Threat: Laundering US Money
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  1. #1
    Senior Member NGF Addict! Andy 22/308's Avatar
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    Default Mexico Threat: Laundering US Money

    --If we don't let them suck $20 Billion out of the US annually in the regular way, they will do it the difficult way. We should tremble and relent. Like, Muslims will attack us if we don't ignore their terrorism.

    [Only registered and activated users can see links. ] - Los Angeles Times - May 12, 2016

    If a new U.S. administration blocks the flow of remittances -- the estimated $20 billion that Mexicans working in the U.S. send home each year -- then joint efforts to stop money laundering and other illicit forms of finance will be dealt a dangerous setback, a senior Mexican official warned Thursday.

    Donald Trump, the presumptive Republican presidential nominee, has vowed, if elected, to make Mexico pay to build a wall along the entire southwest border, even if it means impounding remittance payments.

    Fernando Aportela, Mexico's deputy secretary for finance, said any attempt to seize remittances would force Mexicans to hide and smuggle their money, sending them into the shadows of illegality just as Mexican and U.S. officials are working to make money flows more transparent.

    "We will end up getting less information" to work with instead of more, Aportela said at the Wilson Center, a nonpartisan think tank in Washington. "It will create [new] challenges."

    Aportela and Daniel Glaser, an assistant secretary of the Treasury in charge of blocking terrorist financing, said the two governments have made progress in plugging holes in international banking and finance systems that allow criminals to move their money and pay for illicit operations.

    Mexican officials have repeatedly rejected Trump's campaign pledge, saying they have no intention of building or paying for a border wall.

    A Trump administration could impose regulatory and logistical obstacles to transferring money to Mexico, just as the U.S. has done for terrorism financing.
    "Behold, I Myself have created the smith who blows the fire of coals and brings out a weapon for its work." Isaiah 54:16

    "Now there was no blacksmith to be found throughout all the land of Israel, for the Philistines said, 'Lest the Hebrews make themselves swords or spears.'" 1 Samuel 13: 19

    "Each of the builders had his sword strapped at his side while he built." Nehemiah 4:17-18

    "Let the one who has no sword sell his cloak and buy one." Luke 22:35-38

  2. #2
    Ancient Gaseous Emanation Popeye's Avatar
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    Unintended consequences are usually the result of not thinking.
    The difference between a Socialist and a Communist is that the Socialist doesn't have all the guns yet.

  3. #3
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    I don't know about today, but at one time illegal workers sending money back to Mexico was the second largest source of revenue for Mexico, second to oil. With the drop in the price of oil, it may be #1 now.

    Alan
    But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.-Thomas Jefferson

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  5. #4
    Wyoming NGF Addict! Dog Soldier's Avatar
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    Mexico is becoming rich using their crime and cartels to fleece America. Now, if America tries to enforce the laws Mexico will increase their crimes? Hey Pancho, the games are about over. Live with it!!

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