Speech #1100061340

So to ensure that these funds can still get to Mexico. they developed another program. run by Bansefi. a Mexican government bank. that allows people in America to open bank accounts for their relatives in Mexico. Their relatives can then use these accounts to withdraw the money deposited through the remittance program. Madam Speaker. another question is. do the legal and illegal immigrants themselves have accounts to send money from? Statistics indicate as many as 70 percent do. according to a recent report by the Bank of Mexico. This is largely because hundreds of American banks. eager for deposits. will happily open accounts for people carrying only a Mexican consular identity card. rather than requiring official United States Government identification.