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

Today's Daily News Clippings!

Wednesday - May 24, 2017 - Full Edition

Wyoming's Albert Forkner elected chairman of CSBS
[Announcements] - May 24, 2017 - Wyoming Business Report.Com - The Conference of State Bank Supervisors (CSBS) today announced the election of Albert Forkner, Commissioner of the Wyoming Division of Banking, as the ... Read More ...

Banks have a right to refuse slot machine cash - BBA
[Ongoing Story - Barbados] - May 24, 2017 - Barbados Today.BB - Colville Mounsey - Commercial banks here are making it clear they will not risk their relationship with corresponding banks around the world to satisfy slot machine operators ... Read More ...

Gov't taking wait-and-see attitude on proposed US border wall tax -Harmon
[Opinion - Guyana] - May 24, 2017 - Stabroek News.Com - The Guyana Government is taking the wait-and-see approach when it comes to the proposed US Border Wall Funding Act of 2017. The bill, HR 1813, was introduced to ... Read More ...

How Donald Trump could actually build the wall - and who would pay the price
[Opinion - US] - May 23, 2017 - Vox.Com -  Dara Lind & Tara Golshan - Donald Trump promised the American people he would build a "big, beautiful wall" along the US-Mexico border. At campaign rallies, it became a call and ... Read More ...

Finance ministry holds public consultation on regulating virtual currencies
May 24, 2017 - Medianama.Com - Aroon Deep - The Department of Economic Affairs, under the Finance Ministry, is holding a public consultation on regulating virtual currencies, such as Bitcoin, Litecoin, and Zcash. The consultation ... Read More ...

Blockchain And The Law: An Insurmountable Challenge?
[Opinion] - May 23, 2017 - The Market Mogul.Com - Liam Lambert - Due to  a mix of political and economic circumstances, Bitcoin has hit a new high, with each coin now worth over $2,000, demonstrating a 65% growth ... Read More ...

The Case Against Bitcoin & Crypto-Currency
May 23, 2017 - Barrons.Com - Global turmoil and an unpredictable U.S. president are fueling interest in bitcoin, but it's still not a real currency, BBH argues. Bitcoin just hit a new high in value, and other non-traditional currencies ... Read More ...


Advanced, One-On-One NMTA Compliance Training


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.

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


Agent 3-In-1 Supervision Package

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