The National Money Transmitters Association

NMTA's Daily News Clippings
Thursday, April 12, 2018

AML Compliance Trends

House bill targets money laundering by human traffickers
April 11, 2018 - Upper Michigans Source.Com -  The government would take modest steps toward hindering money laundering by human traffickers under legislation approved Tuesday by the House. The bipartisan bill would require ...

Anti-Corruption Around the World

Council of Europe Flags Romania's Judicial Reforms
April 12, 2018 - OCCRP.Org - Katarina Sabados - Romania's recent reforms on criminal procedure and legislative processes lack transparency and the ability to keep corruption in check, said a report from the Council of Europe's anti-corruption ...

French Anti-Corruption Agency Publishes Information Expected From ...
April 12, 2018 - Jones Day.Com - The Situation: The French Anti-Corruption Agency has published the questions and documentation that companies will be expected to answer and provide when inspected by the Agency...


Damning report
[Opinion] - April 11, 2018 - Barbados Today.Bb - Marlon Madden - Proceeds from illicit activities abroad are being laundered through Barbados, according to the latest International Narcotics Control Strategy Report. The United States report...


International report marks Belize as major drug trafficking and money ...
April 11, 2018 - San Pedro Sun.Com - Belize has been named a 'major drug trafficking and money laundering country' in the 2018 International Narcotics Control Strategy Report produced by the United States State Department. ...

Casinos, Gambling & Gaming

U.S. State Department lectures world on gaming industry AML
April 12, 2018 - Calvin Ayre.Com - Steven Stradbrooke - The U.S. Department of State is back again with its annual list of everything that other nations are doing wrong in the fight against money laundering. The DOS recently released its annual ...

Cayman Islands

CIMA Reaffirms Its Position On AML/CFT Regulations
April 12, 2018 - Mondaq.Com - Further to our e-zine dated 9 February 2018, the Cayman Islands Monetary Authority ("CIMA") has reaffirmed its position on AML/CFT requirements and, as previously communicated by DMS, has confirmed that natural ...


Democrats Don't Consider Mulvaney Head of CFPB
April 11, 2018 - US News.Com - Congressional Democrats are refusing to acknowledge that Mick Mulvaney is the true acting director of the Consumer Financial Protection Bureau. President Trump appointed Mulvaney as acting director ...


SoftBank, Telefónica, Singtel, Etisalat launch global cybersecurity partnership
April 12, 2018 - Giga Bit Magazine.Com - Jonathan Dyble - Japan's SoftBank has partnered with three leading global telecommunications companies - Spain's Telefónica, Singapore-based Singtel and Etisalat - to launch a new global telco cybersecurity alliance...

Also See:
April 12, 2018 - Capacity Media.Com - James Pearce


Anti-Money Laundering and Financial Crime
[Upcoming Conference, Sep 25, 2018 - Berlin, Germany] - April 2018 - Fleming.Events - Panel discussion on: 'Top challenges in Anti-Money Laundering', Customer Identification Program (CIP), Counter-terrorist financing measures, Boosting financial crime ....

Fines, Crimes & Cases

Bitfinex Implicated in Money Laundering Investigation- Cryptocurrency News
April 12, 2018 - Smartereum.Com - Salomon Iyke - Hong Kong-based trading platform Bitfinex has come under investigation for its alleged role in laundering money for a Columbian drug cartel. The investigation carried out by the Polish ...


Fintech Startups vs Conventional Banks: Who Will Win?
[Opinion, Indonesia] - April 12, 2018 - Jakarta Globe.Id - As Indonesians embrace digital innovations such as ride-hailing services, e-commerce and smartphone banking, the financial technology industry will likely continue to grow in the world's ...

The European Commission Action Plan for FinTech Includes Blockchain...
[Opinion] - March 29, 2018 - Lexology.Com - The European Commission, as part of its efforts to create a "Digital Single Market" and further to build more competitive and innovative Capital Market Union, announced its FinTech Action Plan on ...


CBK tightens the noose on money launderers
April 6, 2018 - Nation.Co.Ke - Brian Ngugi - The Central Bank of Kenya (CBK) is piling pressure and personal liability against bankers who breach anti-money laundering laws, raising the spectre of bankers going to jail. ...


Macau and Philippines Receive Anti-Money Laundering Shortcomings Warning
April 12, 2018 - Casino Games Pro.Com - Harrison Young - Macau is well-known as the most popular gambling hub on a global scale and the Philippines is constantly developing its gaming offerings. However, in a recent report issued by ...


Minister for Finance launches the National AML and CFT Strategy and Plan
[Press Release] - April 11, 2018 - Gov.Mt - "Malta is deeply committed to preventing, detecting, and prosecuting money laundering and terrorist financing activities. We have therefore put in place an institutional framework to ...


"No immunity for whitening assets derived from criminal offence"
[Opinion] - April 12, 2018 - Dawn.Com - Mubarak Zeb Khan -  Special Assi­stant to Prime Minister on Revenue Haroon Akhtar Khan on Wednesday came to the rescue of the new tax amnesty scheme and stressed that no immunity is available for ...

Sri Lanka

Sri Lanka strengthening AML laws; investors need not fear: Minister
April 12, 2018 - Economy Next.Com - Sri Lanka's Company's Act will be amended to maintain a register of shareholders owning more than 25 percent of a company, as part of strengthening anti-money laundering laws to global standards ...

United Kingdom

UK money laundering fines fall from last year's record high
April 11, 2018 - City Am.Com - James Booth - The number of UK professionals fined for money laundering fell last year by 20 per cent from a record high in 2015-16. According to data included in a new report by HM Treasury the number of ...

Virtual Currencies Around the World

New York's financial sheriff weighs in on virtual currency
April 12, 2018 - Blog.Times Union.Com - David Lombardo - NYS Department of Financial Services Superintendent Maria T. Vullo described the burgeoning area as "novel" and questioned its suitability as a payment system in her ...

AUSTRAC to police all money laundering except...wait for
[Opinion] - April 12, 2018 - Macro Business.Com.Au - Leith van Onselen - Yesterday afternoon, The ABC reported that the Australian Transactions Reports & Analysis Centre (AUSTRAC) will now start policing money laundering via cryptocurrencies ...


Quote of the Day

"Respect your efforts, respect yourself. Self-respect leads to self-discipline. When you have both firmly under your belt, that's real power."

- Clint Eastwood

Word of the Day

balaclava: /bal·a·cla·va/ [Noun]
  • A knit cap for the head and neck - called also balaclava helmet

Editorial Note

We try to mark those stories that stray from factual reporting into the expression of opinions. Opinions expressed, including mine, are those of the respective authors and do not necessarily reflect those of the NMTA or its members.

Bounced Emails

The bounce problem is unpredictable. If one day you do not receive the DNC, it may have bounced. Try white-listing all emails from the domain "," or SIGN UP again, using an alternate email address.

Did you know?

The DNC is opened in over 500 mailboxes, every business day, but it does cost money to produce. If you find the DNC useful, please click HERE to support the work.
KidneyCancer AwarenessAlzheimers Awareness