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

Today's Daily News Clippings!

Thursday - July 27, 2017 - Full Edition

De-risking batters nine banks, the syndrome may spread

[Bangladesh] - July 27, 2017 - The Financial Express-Bd.Com - Siddique Islam - At least nine local banks have been battered by newly-invented 'de-risking' strategy to combat money laundering that may also affect profitability of other local ... Read More ...

New IMF Study Finds Remittance Costs Are Climbing Again
July 26, 2017 - CU Today.Info - Despite a decline in remittance costs during the last decade, a new analysis indicates that costs are climbing again because of correspondent banking challenges. The report from the International Monetary ... Read More ...

ECCU reports financial sector remains stable
July 26, 2017 - The St Kitts Nevis Observer.Com - The banking sector continued to be challenged by structural vulnerabilities, including correspondent banking relationships." The official communiqué, issued at the end of the meeting, said that ... Read More ...

Stepping Up The Fight Against Money Laundering And Terrorist Financing
July 26, 2017 - Huffington Post.Com - Christine Lagarde - Money laundering and terrorist financing can threaten a country's economic and financial stability while funding violent and illegal acts. That is why many governments have ... Read More ...

Combating terrorist financing through corporate liability under the Alien Tort ...
[Symposium] - July 26, 2017 - Scotus Blog.Com - Michael Barr - Federal and state enforcers, including the Department of Justice, FinCEN, the Office of the Comptroller of the Currency, and state attorneys general and state regulators ... Read More ...

The Global Compact on Migration Should Support Portable Social Security ...
July 26, 2017 - Huffington Post.Com - Donald Kerwin - How can international migration be managed to maximize the contributions of migrants and diaspora communities to sustainable development? Read More ...

Migration, Remittances and Financial Inclusion: Challenges and Opportunities ...
[Report] - July 2017 - Global Migration Group.Org - This report looks at current and future possibilities for women's economic empowerment through increased financial inclusion, by adopting a gender lens to address and examine ... Read More ...

Migrant Contributions to Development: Creating a "New Positive Narrative"
July 27, 2017 - IPS News.Net - Tharanga Yakupitiyage - Despite the "undeniable" benefits of migration, barriers including public misconceptions continue to hinder positive development outcomes, participants said during a series of thematic ... Read More ...
CaPRI : Diaspora contributes far more than remittances
July 27, 2017 - Jamaica-Gleaner.Com -  The Caribbean Policy Research Institute (CaPRI) has indicated that the Jamaican diaspora, which numbers some three million people, located mainly throughout the United States, Canada ... Read More ...

What's Next for Cryptocurrencies After Regulators Weigh In
[Opinion] - July 26, 2017 - Bloomberg.Com - Camila Russo - The cryptocurrency world is breathing a sigh of relief after U.S. regulators finally weighed in on initial coin offerings, saying that companies which raise money through the sale ...
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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