https://observatorial.com/news/economy/1550475/sheinbaum-rules-out-money-laundering-in-remittances/

Given the reduction in the flow of remittances to Mexico from nationals living abroad, President Claudia Sheinbaum said that “it has to do with the situation that Mexicans are experiencing there.” However, he highlighted that in the last month there was an increase.

According to data from the Bank of Mexico, in October the flow of remittances added its seventh consecutive annual reduction.

Among the topics that the president addressed yesterday in her morning press conference, she referred to these statistics and after stating that the BdeM reports that “they continue to fall,” she noted: “In reality they increased in the last month, a little, but they increased.”

Sheinbaum Pardo asked to project graphs on remittances, in which a rebound was observed from September to October, although the indicator remains slightly below the levels of the same month last year.

Also, he noted that “the migration of Mexicans to the United States has decreased since 2020,” and clarified that between 2021 and 2023 the number of non-Mexican people who cross the country heading north grew.

Asked about possible cases of money laundering in remittances, mainly from South America, the president stressed that the federal government does not have any indication that these resources are used for this type of crime. If cases are detected, they will be investigated, but he spoke out against criminalizing all those who send resources.

“The remittances cannot be explained by an illegal matter, they have to do with the support of Mexicans in the United States,” he stressed.