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

Today's Daily News Clippings!

Thursday - May 25, 2017 - Full Edition

Severe financial demands damaging innocents
[Charity, Legal Gambling - Barbados] - May 25, 2017 - Caribbean Life News.Com - George Alleyne - Caribbean Financial Action Task Force, has seen many international banks dropping correspondent banking services to regional countries in what is ... Read More ...

Getting financial services licensees in shape for the Caribbean FATF inspection
[British Virgin Islands] - May 18, 2017 - Harneys.Com - Aki Corsoni-Husain, Ayana Hull & Mirza Manraj -  The BVI is expected to undergo its fourth round of mutual evaluation by the Caribbean Financial Action Task Force (CFATF) in 2018 based on the ... Read More ...

12th Global Money Transfer Summit
[Upcoming Summit, Oct 10-11, 2017 - London] - May 2017 - GMTS-IAMTN.Com - The transitions that the money transfer business are currently going through, both regulatory and technological, are rarely painless and often unsettling ... Read More ...

Jeff Sessions' tough-on-crime schtick does not apply to white-collar criminals
[Opinion - Citigroup's Case] - May 25, 2017 - Think Progress.Org - Alan Pyke - The government has agreed not to prosecute Citigroup's Mexico-based subsidiary despite damning evidence it aided a cross-border money-laundering scheme for years ... Read More ...

A Proposed New Tax, Mainly On Latinos, To Pay For Trump's Border Wall
[Opinion] - May 25, 2017 - WFDD.Org - Jason Beaubien - One of Donald Trump's boldest, most ambitious proposals on the campaign trail was to build a wall along the southern border and get Mexico to pay for it. Amid the tumult of ... Read More ...

Haitians with Temporary Protected Status on Notice: Are Salvadorans and ...
[Opinion] - May 24, 2017 - Politics Of Poverty.Oxfam America.Org - Vicki Gass - Yesterday, Department of Homeland Security (DHS) Secretary John Kelly announced a six-month extension of Temporary Protected Status ... Read More ...

Bit by bit - the growing calls for Bitlicensing in the wake of global cyber attacks
May 25, 2017 - Tech Bullion.Com - Netanella Treistman - Earlier this month, hackers executed a global cyberattack, reportedly attacking over 70 150 computers, including public and health care systems and individual computers. ... Read More ...

Cryptocurrency Mania Goes Beyond Bitcoin
[Opinion] - May 24, 2017 - Bloomberg.Com - Lily Katz - Think bitcoin's surge of more than 30 percent in the last week is impressive? Check out what some of its cousins are up to. The market capitalization of digital currencies has ... 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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