Bank of Mexico warns about possible restrictions on remittances from the U.S.

Bank of Mexico (Banxico) President Agustín Carstens warned on 22 November 2016 of the possibility the U.S. would exercise greater controls on remittance flows (Informador and El Universal). Carstens commented it would be both illegal and unlikely that the U.S. confiscate remittances sent by Mexicans from the U.S., but it would be entirely possible to place restrictions on those, for example, who could not demonstrate the resources were obtained legally. Carstens warned these were the types of scenarios Mexico needed to predict and prepare for in case it were to face them during the Donald Trump administration (El Universal).