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


Today's Daily News Clippings!

Wednesday - August 16, 2017 - Full Edition

Five Congressmen Demand the DOJ "Repudiate" Operation Choke Point
Aug 15, 2017 - The New American.Com - Bob Adelmann - Five Republican Congressmen fired off a letter last week to Attorney General Jeff Sessions, Fed Chair Janet Yellen, and Acting U.S. Comptroller Keith Noreika, demanding that they ... Read More ...

Also See:
Letter by Five Republican Congressmen
Aug 10, 2017 - Judiciary.House.Gov
 
FATF President Vows to Tackle Terrorist Funding, Trade-Based Money ...
[Interview] - Aug 14, 2017 - ACAMS Today.Org - Over the past three decades the Financial Action Task Force, or FATF, has evolved from a temporary panel charged with suggesting improvements to existing anti-money laundering laws ... Read More ...

State makes its case against immigration conditions attached to U.S. grants
[Opinion] - Aug 15, 2017 - SF Gate.Com - Bob Egelko - By requiring San Francisco and other California communities to allow federal immigration agents into their jails and give them 48 hours' notice of certain immigrants' release from custody, ... Read More ...

JN Money remittance network expands with Transfast partnership
Aug 15, 2017 - SFLCN.Com - JN Money Services Limited (JNMS) has expanded its JN Money remittance network to Honduras and India, as a result of a partnership with the United States-based company, Transfast ... Read More ...

Virtual currency gets regulated under anti-money laundering laws
Aug 15, 2017 - Technologys Legal Edge.Com - Giulio Coraggio - Virtual currency for the 1st time falls under Italian anti-money laundering law with the decree implementing the European 4th AML Directive. The long awaited Italian legislative ... Read More ...

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Advanced, One-On-One NMTA Compliance Training

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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.

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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

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Agent 3-In-1 Supervision Package


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NMTA White Paper Released 12/15/2015
"How to Bank MSBs and Payments Companies"
   En Español:
   Recomendaciones Para Bancarizar MSBs

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