The National Money Transmitters Association
A Rich Resource for Intelligence on the Money Transfer Industry

Happy Thanksgiving!


Today's Daily News Clippings!

Wednesday - November 21, 2017 - Full Edition

This is a big deal. -Ed.
Upcoming November 29, 2017 Hearing Committee on Financial Services
Nov 21, 2017 - Terrorism and Illicit Finance Subcommittee and Financial Institutions and Consumer Credit Subcommittee joint hearing entitled "Legislative Proposals to Counter Terrorism and Illicit Finance" ... Read More ...

NYDFS Issues FAQs on its New AML Regulation
[Ongoing Story] - Nov 21, 2017 - APKS.Com - The New York Department of Financial Services (DFS) recently issued frequently asked questions (FAQs) relating to its new anti-money laundering (AML) rule (Part 504), which became effective on January 1, 2017 ... Read More ...

Also See:
FAQs Updated October 26, 2017
 
Transaction Monitoring And Filtering Program Requirements ...
[Regulations] - dfs.ny.gov

Money remittance firm Dahabshiil trains staff on money laundering risks
Nov 22, 2017 - Standard Media.Co.Ke - Ally Jamah - Money remittance firm Dahabshiil Kenya has scaled up efforts to counter risks posed by money laundering as it eyes a bigger share of the multi-billion shilling diaspora remittance inflows. ... Read More ...

Xoom's Two-Year Digital Remittance Zoom
[Opinion] - Nov 22, 2017 - Pymnts.Com - Two years after being acquired by PayPal, digital money transfer service Xoom has a story that it wants the world to know. Part of that story is around the typical stats that those keeping score want to know ... Read More ...

Will Football Boost the Money Transfer Sector?
[Newsletter] - Nov 2017 - Fx Compared - As a signal of how far the money transfer space has developed, sport sponsorship is beginning to open up as a marketing opportunity. WorldRemit announced last week their partnership with Arsenal ... Read More ...

Blockchain technology investment possible solution to de-risking
[Opinion] - Nov 21, 2017 - Michael Klein - The recent trend of banks canceling their correspondent banking arrangements with other banks for fear of taking on too much money laundering risk, amid ever increasing compliance costs ... Read More ...

A Call for Greater Regulation of Digital Currencies
[Opinion] - Nov 22, 2017 - Dark Reading.Com - Kelly Sheridan - A new report calls for international collaboration to create more transparency with virtual currencies and track money used for cybercrime ... Read More ...

Also See:
Bitcoin Regulation is Simple in Theory, Incredibly Complex in Reality
[Opinion] - Nov 21, 2017 - Coin Telegraph.Com - Darryn Pollock

NMTA Logo


---
NMTA White Paper Released 12/15/2015
"How to Bank MSBs and Payments Companies"
   En Español:
   Recomendaciones Para Bancarizar MSBs

---
Individual Membership Application

$295 per year
(Resource Pages / Research-On-Demand)

---
3-Day Trial NMTA Membership
(Grants Access to the Resource Pages)
---
Sign up for the NMTA Daily News Clippings

If you find the DNC useful and would like to support the work, click here to take a Sustaining ($145) or Supporting ($45) Subscription. Thank you!
---
"I start all my research on the NMTA Resource pages." - A Compliance Professional and NMTA Member
---
"David: you provide great coverage of the MSB area and all that closely surrounds it. I learn all the time. Thanks!" - A DNC Reader