Nearly One Out Of Every $10 Sent In Remittance Payments From US To Mexico Is Linked To Crime: REPORT

  • Post category:News / US News

Nearly One Out Of Every  Sent In Remittance Payments From US To Mexico Is Linked To Crime: REPORT


Get Your Patriot911 Newsletter In Your Email Inbox

Roughly 8% of remittances sent from the U.S. to Mexico are linked to crime, such as money laundering, according to Bloomberg.

Mexicans largely living in the U.S. have sent $4.4 billion of the record $58 billion in remittances to Mexico, Bloomberg reported, citing a study by Signos Vitales, Mexico-based think tank. The revelation comes as illegal immigration at the southern border of the U.S. surges, with Border Patrol agents encountering more than 250,000 illegal migrants from Mexico between October 2022 and February 2023.

“There has to be an explanation for the astounding increase in the past few years. It’s impressive that it’s gone from around $21 billion to nearly $60 billion,” Enrique Cardenas, an economics professor heading Signos Vitales, said, according to Bloomberg. “There are parts that look strange, things that don’t happen in the rest of the country.”

Increasing amounts of the cash are coming from areas of the U.S. that lack large Mexican populations, according to Bloomberg. For example, Minnesota has the third largest amount of remittances going to Mexico, despite having a low Mexican population of around 200,000.

In Mexico, the remittances in more than 200 municipalities have exceeded the total number of households, according to Bloomberg.

Remittances from the U.S. to Mexico amounted to roughly $22 billion a decade ago, according to Bloomberg.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Newswire
Share to break through the censorship!

JOIN US @NewRightNetwork on our Telegram, Twitter, Facebook Page and Groups, and other social media for instant news updates!


New Right Network depends on your support as a patriot-ran American news network. Donate now