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


Some of today's interesting stories from the Daily News Clippings!

Friday - December 2, 2016 - Full Edition

Mexicans Fear Trump Will Make Good on His Money Transfer Block

[Opinion] - Dec 1, 2016 - Bloomberg.Com - Nacha Cattan & Isabella Cota - Data collected by Mexico's central bank show that remittances are on track to break the $26 billion record from 2007. Banco de México Governor Agustín Carstens... Read More...

Economists examined US legal cannabis sector to gauge value of ...
[Study] - Dec 1, 2016 - Science Daily.Com - University of Tübingen - Despite the many innovative services in the digital age, conventional banking remains important to newly-established businesses; banking cannot yet be ... Read More...

Nutter Bank Report, November 2016
Dec 1, 2016 - Jdsupra.Com - Financial transactions involving proceeds generated by marijuana-related activities can become subject to federal enforcement action, including criminal prosecution, under federal anti-money laundering ... Read More...

U.S. anti-money laundering regulations well-developed, analysis finds
Nov 1, 2016 - Journal Of Accountancy.Com - U.S. anti-money laundering regulations are well-developed, and domestic coordination to prevent money laundering and terrorist financing is sophisticated and has ... Read More...

Also See:
Anti-money laundering and counter-terrorist financing measures
[FATF Mutual Evaluation Report] - Dec 1, 2016 - FATF-Gafi.Org - FATF

U.S. failing to curb money laundering by shell companies: task...
Dec 1, 2016 - Reuters.Com - Joel Schectman & Brett Wolf

Beneficial Owner Rules: 10 Key Takeaways
Dec 1, 2016 - Lexology.Com - While the compliance deadline for financial institutions to implement the new beneficial owner rules will not arrive until May 11, 2018, compliance professionals across the nation are already working ... Read More...

Expansion of US disclosure requirements will impact foreign ...
Dec 1, 2016 - Jdsupra.Com - Kathy Keneally - The United States is turning its attention to activities by foreign investors who use US trusts, limited liability entities, and other investment structures to conceal the ownership ... Read More...

Bitcoin wallet service ordered to give IRS 3 years of user data
Dec 1, 2016 - RT.Com - A California federal court judge has called on Coinbase Inc., a bitcoin wallet service, to give the IRS records of American user transactions from 2013 to 2015 to conduct an investigation into potential tax ... Read More...

Gov't document confirms bitcoin's legal status in Russia
Dec  2, 2016 - Calvin Ayre.Com - Jasmine Solana - Reports surfaced several months ago that representatives of Russia's Ministry of Finance, the Central Bank and government staff are seeking to abandon the idea of punishing whoever ... Read More...

Blockchain tech is our financial future - America can get ahead of it
[Opinion] - Dec 1, 12016 - The Hill.Com - Yaya J. Fanusie - Created by two lawmakers this fall, the bipartisan caucus is designed to raise legislators' awareness of blockchain technology, an innovative software protocol that ... Read More...


NMTA White Paper Released 12/15/2015
"How to Bank MSBs and Payments Companies"
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