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


Today's Daily News Clippings!

Friday - July 21, 2017 - Full Edition

Bank de-risking hits remittance costs
July 21, 2017 - Jamaica-Gleaner.Com -  While remittance costs have declined over the last decade, a new working paper coming out of the International Monetary Fund (IMF) indicates that costs are climbing again because of correspondent ... Read More ...

Chinese currency could safeguard Caribbean's access to financial services ...
[Opinion] - July 20, 2017 - WIC News.Com - Seb Kelly - The Chinese renminbi may be able to protect the Caribbean region's access to global finance services, the president of the Caribbean Development Bank (CDB) has said ... Read More ...

OCC FinTech Charter in Trump Administration Cards
[Ongoing Story] - July 20, 2017 -  Michael Whalen - If you are wondering about the prospects of the OCC FinTech national bank charter under the Trump Administration, we got a sign yesterday.  In his remarks to the Exchequer Club in Washington, D.C. ... Read More ...

Cross Border Remittances: Technology in the Origin and Innovation on the ...
July 17, 2017 - The Dialogue.Org - Remittances play an instrumental role in improving the lives of remittance receivers as increases in disposable income can be turned into increases in formalized savings, simultaneously facilitating ... Read More ...

Also See:
Migrant Financial Health
July 14, 2017 - The Dialogue.Org

Even More Immigration Judges are Reassigned in Trump's Border Crackdown
July 20, 2017 - WNYC.Org - Beth Fertig - In its crackdown on illegal immigration, the Trump administration is moving an increasing number of immigration judges closer to the border with Mexico. The practice is so widespread ...

ULC Approves Proposal For The Regulation Of Virtual Currency Businesses
July 21, 2017 - Eth News.Com -  Dan Cummings - On July 19, 2017, 45 out of 53 US jurisdictions that make up the Uniform Law Commission (ULC) voted to finalize and approve a draft of the proposed Uniform Regulation of Virtual Currency ... Read More ...

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Advanced, One-On-One NMTA Compliance Training

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Calibrate Your BSA/AML Knowledge


These questions were originally developed for the One-On-One Training, but it occurred to me, if one knows the answers already, why sit through the training?
So, if you would like to sit for the test, just become an Individual NMTA Member [annual dues: $295]. NMTA Corporate Members may sit for the test at no additional charge.
You will receive all the answers in writing, to study in advance, and I will give you one hour of one-on-one test preparation over Skype, included. The tests contain the questions I think every compliance professional should know the answers to.
The test will be given orally, over Skype. Afterwards, I will also ask you to look up certain reference documents on the web, under observation. If you pass, you will receive an Achievement Certificate.
 
If you think you would like some tutoring before taking the test, please check out the One-On-One NMTA Training, and call me with any questions you may have.

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Now here is that pop quiz for all you BSA/AML geeks:
   BSA/AML Literacy Test
   
These are the core questions. For extra credit, have a look at these:
   Additional Questions

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Agent 3-In-1 Supervision Package


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

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