00:00President Claudia Sheinbaum denied that remittances sent to Mexico are used for money laundering.
00:06During this Tuesday morning press conference, the head of the state showed that she has not received
00:11any international observations regarding evidence of the use of remittances for illegal activities
00:17in the country. She added that the Financial Action Tax Force will evaluate transactions
00:25by past governments to review possible observations. In addition, the President emphasized the importance
00:31of investigating money transfers but refused to consider remittances as a tool for money laundering.
00:46In any case, these money transfers need to be investigated
00:53but if they are no longer remittances, which are small amounts of funds sent monthly to families,
00:59then there is an obligation to investigate any transfer from the US to Mexico of a very large value.
01:07However, that would no longer be a remittance, but a resource transfer.
01:14The remittance is the term used for Mexican families living in the US,
01:18who send money to support their families. The others are resource transfers, that also exist.
01:32Transfers from the United States to Mexico, are probably in the millions because we have a trade
01:37agreement where cash is not paid, but everything in import, and export evidently is. There are funds
01:42from one place to another in the country, through companies or individuals, but those transfers are
01:47that are analyzed in a different manner.
01:48Mm-hmm.
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