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Mexico warns of repercussions if remittances are blocked

by Tracy Wilkinson 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… View Article