Mexico’s ‘super peso’ puts squeeze on US remittances
By Lizbeth Diaz and Noe Torres TLAXCALA, Mexico (Reuters) – Mexican mother-of-two Adriana Sanchez frets the $300 or so a month her husband sends from the United States will no longer cover…
Philippine cenbank’s modest rate-hike stance lifts bearish bets on peso- Reuters poll
By Savyata Mishra (Reuters) – Bearish bets on the Philippine peso grew as the central bank adopted a more modest approach than its peers to tamp down inflation, while short positions on…
South Florida Electronics Exporter Pleads Guilty To Laundering Narcotics Proceeds Through The Black Market Peso Exchange
Damian Williams, the United States Attorney for the Southern District of New York, announced that earlier today, MARCELO IRIGOIN pled guilty to money laundering in connection with transactions involving his electronics export…
Cuban peso in free fall against the dollar
By Marc Frank HAVANA – The Cuban peso was trading at nearly 100 to the dollar on the informal market Tuesday, according to a trader and online trackers, a depreciation of more…
San Gabriel Valley Man Sentenced to 3 Years in Federal Prison for Scheming to Launder Drug Money Via ‘Black Market Peso Exchange’
LOS ANGELES – A West Covina man was sentenced today to 36 months in federal prison for laundering more than $900,000 in drug money over a two-year period via a “Black…
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