Financial Services Advisor

Mario Trujillo, member of the Financial Services Advisor board and chairman, president and CEO of DolEx Dollar Express, Inc. in Duluth, Ga.: “Family remittances continue to flow into Latin America and the Caribbean, reflecting the resilient and ‘basic needs’ worldwide migration trends. Most of the remittances to the region come from the United States. In this corridor, we have both positive and negative forces affecting these trends. On the positive side, the United States has recently experienced some of the lowest unemployment rates in decades, providing fertile employment opportunity for all, including immigrants. In Latin America and the Caribbean, social and civil unrest are also fueling higher growth rates. When countries in the region experience unusually high levels of crime and violence (such as Venezuela, El Salvador and Guatemala), it promotes migration spikes. U.S. immigration policies have been incoherent and full of division and fear, as evidenced by the current Trump shutdown of parts of the government over immigration. These policies have created…”