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

Today's Daily News Clippings!

Thursday - December 14, 2017 - Full Edition

Partnerships between Caribbean and U.S. banks is growing
[Opinion] - Dec 13, 2017 - Miami Herald.Com - Trevor Alleyne & Krishna Srinivasan - Caribbean countries were blindsided about two years ago, by a serious threat to their economies from the loss of correspondent banking relationships (CBRs) ... Read More ...

"Durable solutions are needed for risky but, nevertheless, legitimate activities. Certain sectors or activities, such as the offshore financial sector, gaming and casinos, and money transfer companies, that often support the tourism sector and boost employment, social welfare, and financial inclusion, continue to see their access to correspondent banking restricted. What is the solution?"

Featured Publication - FXCintel
Must read for payments companies.
New data, new insights on international payments. Every week.- Read More ...

New York Challenge to Federal Fintech Charter Dismissed
[Ongoing Story] - Dec 13, 2017 - Big Law Business.Com - A federal judge Dec. 12 dismissed claims by New York bank regulators that U.S. banking authorities can't issue special charters for financial technology companies, calling the lawsuit premature ... Read More ...

Also See:
CSBS Statement on NY-OCC Court Decision

"CSBS stands by our arguments in the District of Columbia. At the end of the day, we are confident that the courts will determine that Congress has not given the OCC this authority."
 - Margaret Liu, Senior Vice President and Deputy General Counsel
Conference of State Bank Supervisors

Federal Reserve Chair: "Fed Doesn't Really Play Any Regulatory Role" in Bitcoin
Dec 14, 2017 - News.Bitcoin.Com - C. Edward Kelso - Following her next-to-last Federal Open Market Committee (FOMC) meeting, outgoing Federal Reserve (Fed) Chairwoman Janet Yellen gave a final scheduled press conference 13 December ... Read More ...

EU May Soon Require Virtual Currency Businesses To Comply With AML Laws
[Opinion] - Dec 14, 2017 - Mondaq.Com - Dustin N. Nofziger - As we have previously reported, the U.S. Financial Crimes Enforcement Network (FinCEN) has taken the position that businesses in the virtual currency space may need to register ... Read More ...

Bitcoin And Its Competitors Are Becoming A Problem For US Sanctions
[Opinion] - Dec 14, 2017 - Buzz Feed.Com - Otillia Steadman - As bitcoin sees its value skyrocket, some financial experts and cyber analysts are beginning to worry that the digital cryptocurrency is prime to be exploited by countries like ... Read More ...

NMTA White Paper Released 12/15/2015
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