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,

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 White Paper Released 12/15/2015
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