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!

June 29,
2016

Correspondent banks terminate relationship with Caribbean institutions

[Caribbean] - Jun 28, 2016 - Antigua Observer.Com - Dave George - The Deputy Governor of the Eastern Caribbean Central Bank (ECCB) said Caribbean banks are already experiencing the effects of the correspondent banking crisis. Trevor Braithwaite said a few ... Read More...

AML De-Risking: Regulators Warn No Big Brooms
[Opinion] - Jun 28, 2016 - Finops.Co - Chris Kentouris - Regulators on both sides of the Atlantic are putting banks in a Catch-22 of established regulatory penalties for serving financial criminals while simultaneously warning them that cleaning house by category will ... Read More...

Is Bitcoin Money? Florida Judge to Decide
Jun 28, 2016 - American Banker.Com - Lalita Clozel - Whether bitcoin is actual currency is at the forefront of a first-of-its-kind money-laundering case in Florida to be decided Friday. In February 2014, Michel Espinoza was arrested in a Miami Beach ... Read More...

Are AML, KYC and Other Regulations Really Important for Bitcoin?
[Opinion] - Jun 29, 2016 - News BTC.Com - Gautham - Greed is an inherent quality of human beings, and some of them fulfill it at the cost of others' hard-earned assets. Ponzi schemes and other investment frauds have been around for a long time, even before ... Read More...

North Carolina Senate Approves Bitcoin Bill
Jun 28, 2016 - Coin Desk.Com - Michael Del Castillo - The North Carolina General Assembly yesterday passed an update to the state's Money Transmitters Act, which now mandates that companies working with bitcoin and other cryptocurrencies obtain a money ... Read More...

NMTA Logo


---
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