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

Today's Daily News Clippings!

Wednesday - April 26, 2017 - Full Edition

MSB Call Report Q1 Submission Deadline Quickly Approaching
April 25, 2017 - CFS Review.Com - Keisha L. Whitehall Wolfe & Costas "Gus" Avrakotos - The NMLS Money Services Businesses (MSB) Call Report, described by the Conference of State Bank Supervisors (CSBS) ... Read More ...

Also See:
Money Services Businesses Call Report
April 2017 - Mortgage.Nationwide Licensing System.Org

State Regulators Announce Changes to MSB Reporting
[Press Release] - April 18, 2017 - CSBS.Org - CSBS

IMF warns of financial problems associated with withdrawal of CBRs
[Ongoing] - April 25, 2017 - Jamaica Observer.Com - The International Monetary Fund (IMF) says financial fragilities occasioned by the decrease in the number of correspondent banking relationships (CBRs) could undermine the ... Read More ...

Barbados objects to being labelled money laundering country
April 25, 2017 - Antigua Observer.Com - The Barbados government Tuesday described as "misleading" the decision by the United States to list the island as a major for money laundering. Attorney General Adriel Brathwaite ... Read More ...

Also See:
Barbados joins list of countries challenging veracity of US State Dept report
April 26, 2017 - Caribbean News Now.Com
Financial institutions urged to work together for FATF compliance
April 25, 2017 - Dominica Vibes.Dm - Financial institutions are being encouraged to collaborate with law enforcement and government to ensure that Dominica complies with recommendations outlined by the FATF ...

Ted Cruz wants 'El Chapo' to pay for Trump's U.S.-Mexico wall
April 25, 2017 - Sandiego Union Tribune.Com - Luis Gomez - Sen. Ted Cruz may have just found a way to pay for Donald Trump's border wall. On Tuesday, the Texas Republican introduced a bill that proposes to use $14 billion ... Read More ...

Also See:
Guyanese remitting $$ from US may have to help pay for Trump wall
April 26, 2017 - Stabroek News.Com

Jamaica among designated recipients ... New remittance transfer fees...
April 26, 2017 - Jamaica-Gleaner.Com

Immigration policy isn't just borders and fences. It's trade and aid, too.
[Opinion] - April 25, 2017 - Washington Post.Com - Filiz Garip - Over the past two weeks, the White House has taken credit on multiple occasions for the decline in Mexican immigration to the United States. Yet while it's true Mexicans ... Read More ...

Mexico talks tough on Trump with NAFTA talks looming
April 25, 2017 - Nasdaq.Com - Frank Jack Daniel - Foreign Minister Luis Videgaray said Mexico was watching to see if plans by U.S. President Donald Trump's administration to shake up taxation included a levy on remittances ... Read More ...

Blockchain Innovation Means Greater Financial Inclusion in the Middle East
[Opinion] - April 26, 2017 - Crypto Coins News.Com - Financial inclusion, something as simple as possessing a basic chequing account, is significantly lacking in the Middle East, especially when compared on a global scale. ... Read More ...

Blockchains and Personal Data Protection Regulations Explained
April 26, 2017 - Coin Desk.Com - Jacek Czarnecki - Not a day goes by when we don't hear about a new application for blockchain technology. A cryptographically secure distributed ledger (secured by means of member consensus) is ... Read More ...

California Dusts off Virtual Currency Act à la NY's BitLicense
April 25, 2017 - crypto coins - Justin OConnell  - California has dusted off its notion of a 'Virtual Currency Act.' A new bill seeks to prohibit a person from engaging in any virtual currency business sans license from ... 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

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