LEBANON: Remittance Inflows & Outflows
Lebanon’s remittance inflows rose to $8.9B, representing 17.8% of GDP, driven in part by global funds sent to support Syrian refugees in the country.
TURKEY: Remittance Inflows & Outflows
Turkey transitions into a sending market as remittance outflows grow toward $0.5B, while long-term inflows from Western Europe continue to decline.
The Somalian Remittance Crisis
Hugo Cuevas-Mohr outlines the critical Somalian remittance crisis, exploring bank closures across the US, UK, and Australia, and the role of vital MTO networks.
The Somalian Remittance Crisis: when remittances are needed the most
The Somali diaspora sends $1.3B yearly, sustaining 1 in 4 citizens. Explore how history and market shifts shaped the critical Somalian remittance crisis.
Remittances to Latin America and the Caribbean in 2013
Manuel Orozco analyzes 2013 remittance flows to Latin America, highlighting a $60B total volume and the impacts of immigration controls on growth.
Why Has the Level of Remittances to Latam Stagnated in 2013?
Industry experts analyze why 2013 LATAM remittances stagnated, blaming strict US migration policies, compliance rules, and banks exiting the market.
Especial Remesas – TENDENCIAS – Mexico – 10 de Junio de 2013
La revista TENDENCIAS presenta “El gran negocio de las remesas” en México, analizando los foros de negocio, las redes y cursos de Compliance de la IMTC.
The North American Philippines Remittance Corridor
PHILIPPINES MONEY TRANSFER MARKET: this page in pdf for view & download Filipinos in the US and Canada: Filipinos are the second largest immigrant group in the United States, after Mexican immigrants. There are approximately 3.1 million Filipinos (or from filipino ancestry) in the United States. About 80 % of the Filipino-Americans are United States…
Nigerian Diaspora and Remittances: Transparency and Market Development
Nigerians can be found in most countries of the world. Nigerians are numerous in the United States and the UK, followed by South Africa, UAE and other European countries such as Italy & Spain. As a US survey showed, Nigerians in the US are one of the highest educated migration groups. Due to the ever-growing…
Preparing for IMTC ASIA 2018 in September
Last week, May 2-5, myself, Hugo Cuevas-Mohr and Olivia Chow, from Yokip Consulting, our partner in the RemTech Awards and The Blockchain Series Coordinator, were in Manila in a round of visits with local authorities, money transfer companies, banks and associations. The main objective was to prepare the program for our coming IMTC ASIA 2018…
The Antimonopoly Prosecutor in Chile sides with MSBs on Bank Account Closures
We thank our colleague Carlos Grossman, for the report out of Chile where the Antimonopoly Division of the National Economic Prosecutor Office (División Antimonopolios de la Fiscalía Nacional Económica – FNE) reports the investigation that took place after an August 2015 complaint by a Forex Firm denouncing seven banks of denying the opening of a…
Identity Matching in the Money Transfer & Payments Industry
I am going to venture myself to write this article on Compliance, with the disclaimer that I am not a compliance professional and that the idea behind this is to get compliance colleagues to comment and compliance officers to pay attention. Talking last week to a fintech company about their payment processing services in Mexico,…
Blockchain-based solutions to the Caribbean derisking problem
De-risking was an acute illness for the Caribbean financial sector in 2015 and 2016. In 2017, the height of the fever has broken, but the patient is still sick. Though correspondent banks in developed countries are no longer dropping services to Caribbean banks at a rapid pace, the region’s economies remain encumbered with a residue…
Family Remittances and “de-risking”: The Case of Mexico
Mexican migrants in the USA are first class Mexicans. They are in general the risk-taker population, hardworking, with a different work ethic compared to the average American worker. They give a different value to their labor and the remuneration that they receive for that effort. Some are prosperous entrepreneurs too. Success stories abound throughout the…
Las Remesas Familiares y el De-risking en México por Salvador Velázquez
Los migrantes mexicanos en los EEUU son los mexicanos de primera clase. Es en general la población tomadora de riesgos, trabajadora, que tiene un diferente Work Ethic, aun con respecto a los propios trabajadores americanos promedio. Le dan un valor diferente al esfuerzo y la remuneración que por dicho esfuerzo perciben. Algunos son verdaderos emprendedores…
Remittances, Migration & the Trump Effect: The Press Asks Questions
Hugo Cuevas-Mohr analyzes the “Trump effect” on LATAM remittances, warning of potential state taxes, rising anxiety, and trends in migrant savings.
Remesas, Migración y el Efecto Trump: La Prensa Pregunta
“Es el migrante, muchas veces olvidado, el que está financiando toda la economía”
Diario La Hora – Guatemala – Ene 20, 2017
Remesas se incrementaron por incertidumbre tras victoria de Trump
Hugo Cuevas Mohr, director de IMTC (Internacional Money Transfer Conferences), ha trabajado durante años asesorando a empresas bancarias y no bancarias sobre los asuntos de transferencias de dinero y remesas. Previamente al foro regional de IMTC que se llevará a cabo en la Antigua Guatemala en marzo, visitó el país para hablar sobre migración y remesas en el contexto del nombramiento de Donald Trump como presidente de los Estados Unidos. Cuevas-Mohr advierte que los países de la región centroamericana y México no deben esperar para tomar medidas preventivas que puedan proteger a los migrantes en caso de que las autoridades estadounidenses impulsen cambios legales que los afecten.
Remittances to the South Asia Region (SAR)
In his latest Remittances & Development Brief dated April 2016, Mr. Ratha and his team and the World Bank Migration and Remittances Team commented that remittances to the South Asia Region (SAR) are estimated to have grown moderately in 2015 by around 2%. The continued economic uncertainty of high-income remittance-source countries and the impact that oil prices have had on remittance flows from GCC countries have certainly impacted a more favorable outlook for 2016 and beyond. Maybe the improving economic prospects in the United States and the increase in oil prices, plus the continued spending on developments projects in the GCC countries and the brighter outlook for the economic improvement of their countries- which makes migrants invest in their home countries, can make the reported remittance volumes grow.
