Challenges of payments to Mexico using banks
Recent events caused both the US and Mexico to tighten restrictions on the flow of money between the two countries. More often than not, banks would reject JTBNA’s wire transfers due to these new restrictions. Faced with the need to pay his contractors, trade show suppliers, and tour operator partners on time, JTBNA had to be resourceful and look for other means (such as checks) to make payments. However, this proved to be costly and inefficient and the funds took some time to arrive.