Posted by Akhi Soufyan
Migrants send money home to support their families, but there is a dark side to cash transfers.
Money transfers — or remittances sent home by migrant workers — is big business. Some $500 billion dollars circle the globe every year.
Money in Minutes looks at the business of money transfers in the context of global migration. Filmmakers follow migrant workers such as Brando Alvarenga, a construction worker in Miami who sends funds to his family in Honduras; Li Wang, a textile worker in Italy who sends money home to China; and Gauri Gurung, a cloth vendor from Nepal working in Dubai.
It Is a fiercely competitive business, and there are many companies providing the service to migrants sending money home.
But there is also a darker side, involving money laundering and smuggling rings. How do the authorities deal with this growing problem of misuse?
Posted in VIDEOS
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