Remittance Industry Observatory
As the competitive nature of remittance industry moves forward, the US economy shows signs of improvement, Latin American migration patterns shift, and various countries in the Americas review their legislation on migration, it is becoming increasingly important for industry leaders to stay informed of the trends that will affect their businesses. The Remittance Industry Observatory seeks to improve knowledge and information about the remittance market.
“De-risking,” as defined by the subcommittee, occurs when a financial institution terminates relationships and closes the accounts of clients and merchants they deem “high risk” in order to avoid legal liability and greater regulatory scrutiny. This practice has negative consequences for many legitimate money services businesses, including money transfer businesses, and their consumers.
La eliminación del Estatus de Protección Temporal implica un cambio en el volumen de las transferencias de remesas hacia Centroámerica.
In January, 2018 the US government announced that it will not renew Temporary Protected Status (TPS) for Salvadorans. This report will explore the consequences of this decision and offer several proposals for avoiding or mitigating the potential harm to Salvadorans currently protected by TPS.