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

Today's Daily News Clippings!

Tuesday - April 25, 2017 - Full Edition

De-Risking - does the damage outweigh the gains?
[Op-Ed] - April 25, 2017 - The Banker.Com - Brian Caplen - Tougher anti-money laundering regulations have led international banks to cut correspondent lines. The unintended consequence has been to push more ... Read More ...

Also See:
De-Risking's Impact on AML Compliance
[Opinion] - April 24, 2017 - Global Radar.Com - Christopher J. Pelaez

Bulk Cash Pays for the Wall
[Opinion] - April 25, 2017 - American Thinker.Com - John A. Cassara - In the hyper-charged debate over the merits of building "the wall" along the U.S.-Mexico border and its funding impact on a possible government shutdown ... Read More ...

Bank of Korea: Costs Could Limit Cryptocurrency Use
[Opinion] - April 24, 2017 - Coin Desk.Com - Stan Higgins - South Korea's central bank has published a new working paper on cryptocurrencies. Drafted by researchers from the Bank of Korea and Seoul's Hongik University ... Read More ...

Failure to Register with FINCEN Sustains Guilty Pleas by Virtual Currency ...
[Opinion] - April 24, 2017 - Money Laundering Watch Blog.Com - Peter D. Hardy - It is a potential crime to conduct a business that exchanges virtual currency and fail to register with the Financial Crimes Enforcement ... 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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