BREAKING: Cartel Crackdown Could Hit Remitly and Western Union Remittance companies face a triple threat: slowing growth, rising competition, and now federal scrutiny of transfers by cartels designated as terrorist groups. - ThreadSky

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truth.bsky.social • 5 days ago

BREAKING: Cartel Crackdown Could Hit Remitly and Western Union

Remittance companies face a triple threat: slowing growth, rising competition, and now federal scrutiny of transfers by cartels designated as terrorist groups.

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truth.bsky.social•5 days ago

Based on Hunterbrook Media’s reporting, Hunterbrook Capital is short $RELY and $WU at the time of publication. Positions may change at any time. See full disclosures at https://HNTRBRK.com.

Key findings from our investigation:

truth.bsky.social•5 days ago

"It's an open secret," a major Mexican investor told us, referring to how cartels funnel drug money through remittance platforms — long known for the exploitative fees they charge immigrants.

truth.bsky.social•5 days ago

Here's how it works:

- Cartels sell drugs in US for cash
- Cash distributed to thousands of "money mules"
- Small transfers sent via remittance companies
- Clean money collected in Mexico by cartel operatives

truth.bsky.social•5 days ago

The Trump Administration, which recently designated cartels as terrorist organizations, is honing in on the issue.

truth.bsky.social•5 days ago

This week, Treasury's FinCEN tightened its reporting threshold from $10,000 to just $200 for remittances in key regions — what Treasury Secretary Bessent called the start of an "all government effort" to fight cartels.

truth.bsky.social•5 days ago

Policies targeting remittance platforms could also impact people sending money to loved ones.

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