The National Money Transmitters Association

The NMTA's Daily News Clippings


Thursday, June 15, 2017

Top Stories

Featured Article
[Opinion, Old Article] - May 22, 2017 - CSI Web.Com - Tyler Leet - The chaos following the recent WannaCry ransomware attack, which infected more than 230,000 systems in over 150 countries, has caused businesses worldwide to reevaluate ...

Denial of [Correspondent] Banking Services

[Barbados] - June 15, 2017 - Barbados Advocate.Com - BARBADOS has undertaken a rigorous programme to ensure it is not to found wanting when it comes to adhering to global financial standards. Sadie Dixon, Acting Bank Secretary of the ...

Also See:
[Opinion] - June 15, 2017 - Barbados Today.BB - Marlon Madden

Remittances & Immigration

June 14, 2017 - Constitution Center.Org - Lyle Denniston - The Supreme Court on Tuesday afternoon ordered a new round of legal briefs in the controversy over President Trump's executive order seeking to impose new immigration ...

June 14, 2017 - UN.Org - A dramatic up tic in the amount of money migrants send home to their families in developing countries is helping to lift millions out of poverty, according to a new report out today from the United Nations International ...

Virtual Currencies

June 14, 2017 - All-Daily-News.Com - Olympia - This year the Legislature passed Substitute Senate Bill 5031, amending Washington's money transmission laws to address changes and innovations in the industry - including key provisions ...

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Africa

[Opinion] - June 15, 2017 - Forbes.Com - Mfonobong Nsehe - Payments and remittances startups account for the majority of Africa's over 300 fintech startups, though blockchain companies are the more likely to secure funding ...

AML Compliance Trends

[Opinion] - June 14, 2017 - Compliance And Ethics.Org - Many people are misunderstanding money laundering. They think it´s only trigger is drug trafficking and only done in the financial sector. I guess those news stories about banks that ...

CFPB

June 14, 2017 - Mpamag.Com - Ryan Smith - A new report by the Treasury Department recommends substantial changes to the structure and authority of the Consumer Financial Protection Bureau. ...

Company Announcements

June 14, 2017 - Investing News.Com - Jocelyn Aspa - The Company's Executives attended the official signing ceremony of the world's first cross border messaging remittance solution in Hangzhou, China with members of the Executive team at ...

June 15, 2017 - Medianama.Com - Shashidhar KJ - Mobile payments switch TerraPay has partnered with YES Bank to enable real-time international money transfers to bank accounts in India. YES Bank is targeting the Indian migrant ...

Compliance - Other

June 14, 2017 - Nat Law Review.Com - Most individuals, regardless of citizenship, may be "eligible" whistleblowers if they voluntarily provide the SEC with original information about a possible violation of the federal securities laws that has ...

June 14, 2017 - Investment News.Com - Mark Schoeff Jr. -  Government oversight of cybersecurity could become more streamlined under a proposal from the Trump administration. In its first report on financial regulatory ...

Financial Inclusion

June 15, 2017 - All Africa.Com - As such, post offices should partner with central banks and develop financial inclusion strategies which will make them bigger players in the financial services sector, Information Communication Technology Postal ...

India

June 15, 2017 - Business-Standard.Com - India received the most overseas remittances last year, a report by the International Fund for Agricultural Development (IFAD) issued on Tuesday said ...

Latin America

[Opinion] - June 14, 2017 - LA Press.Org - Arnaldo Pérez Guerra - Migrants face prejudices, xenophobia and racism, besides bureaucratic obstacles that do not recognize their qualifications. In 1992, Chile recorded 100,000 immigrants ...

Pakistan

[Opinion] - June 14, 2017 - Dawn.Com - The State Bank of Pakistan (SBP) has taken some new steps to combat money laundering and terror financing, directing all banks and development finance institutions (DFIs) to take strict measure for ...

Remittances & Immigration

[Study] - June 14, 2017 - New Business Ethiopia.Com - The amount of money migrants send to their families in developing countries has risen by 51 per cent over the past decade - far greater than the 28 per cent increase in migration from ...

Also See:
[Study Paper] - June 2017 - IFAD.Org

[Study] - June 14, 2017 - Work Permit.Com -  Daniel Waldron & Sanwar Ali - One-fifth of the world's immigrant population lives in the USA, according to a new study published by the Pew Research Center. The study reveals that more than 40 ...

[Research] - June 13, 2017 - Independent.Org - Benjamin Powell - It is not easy to maintain a society's commitment to freedom and limited government. The social consensus on which these values are based requires constant work. And many ...

June 14, 2017 - America Magazine.Org - Michael J. O'Loughlin - Taking stock of their efforts over the past six months to combat some Trump administration attempts to crack down on undocumented people living in the United States ...

June 15, 2017 - June 15, 2017 - Bloomberg.Com -  Vincent Del Giudice and Wei Lu  - Immigration to the U.S. has failed to make up for the number of residents leaving New York, Los Angeles and Chicago -- the nation's top three metropolitan ...

United Kingdom

[Opinion]  -June 14, 2017 - Lexology.Com - Companies House recently announced an imminent extension to UK anti-money laundering measures affecting Scottish limited partnerships (SLPs) and certain Scottish partnerships ...

Virtual Currencies

[Opinion] - June 14, 2017 - Zero Hedge.Com - Tyler Durden - Among the bill's sweeping provisions, the government aims to greatly extend its authority to seize your assets through "Civil Asset Forfeiture". Civil Asset Forfeiture rules allow ...

[Opinion] - June 14, 2017 - Coin Speaker.Com - Blockchain technology and its cyber currency Bitcoin have long been used under the radar, but it's now being used to modernise the process that international remittance is sent.

[Opinion - Paid subscription required. -Ed.] - June 14, 2017 - Washington Post.Com - Jonnelle Marte - Bitcoin and other virtual currencies are on a tear this year, surpassing the returns seen in stocks, bonds and most other investments. The price of bitcoin has tripled since the ...

[Opinion] - June 14, 2017 - Coin Telegraph.Com - Jon Buck  - In a move that's certain to irk lovers of Bitcoin and other cryptocurrencies, Morgan Stanley came out with a statement on Tuesday calling for greater governmental control and regulation. 

[Opinion] - June 15, 2017 - Hacked.Com - Mati Greenspan - Safe haven assets are things that tend to go up in value when there is prevalent uncertainty or fear in the world. Gold, Bonds, and the Japanese Yen are all considered Safe Havens ...

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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.

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