The National Money Transmitters Association
A Rich Resource for Intelligence on the Money Transfer Industry
 
New Survey on De-Risking and a Possible Remittance Tax

The NMTA, in collaboration with Northcoast Research, is starting this survey primarily to take the measure of the MSB banking problem as it applies to money transmitters who send migrant worker remittances, and to obtain feedback on a possible Mexico Remittance Tax. I urge all money transmitter CEOs and Compliance Officers to take the time to fill out this survey. You may stay anonymous but, if you would like the results of the survey emailed to you, you can fill in your email address at the end. Here are the results of the last Survey we did, in April-May, 2015.

Some of today's interesting stories from the Daily News Clippings!

Tuesday - December 6, 2016 - Full Edition

Trump's Plan to 'Impound' Remittances Is Bad for Business

[Opinion] - Dec 5, 2016 - American Banker.Com - Raul Carrillo - Nothing says "Make America Great Again" like manipulating the financial system. Despite campaigning to end "intrusive regulations," President-elect Trump now ... Read More...

Nicaragua, Trump, Deportations and the Affect on Family Remittances
[Opinion] - Dec 5, 2016 - Havana Times.Org - Carlos F. Chamorro - The family remittances that Central Americans residing in the United States send to their countries probably won't be affected by an inapplicable tax announced during ... Read More...

New "Basel IV" capital requirements proposed for banking sector
[Ongoing Story] - Dec 6, 2016 - Financier Worldwide.Com - Fraser Tennant - The proposals, supposedly the final set of revisions being made to the Basel III Framework clarify rules on combating money laundering and terrorist financing in ... Read More...

OCC Will Begin Issuing National Charters for Fintech Firms
[Ongoing Story] - Dec 5, 2016 - Think Advisor.Com - Danielle Andrus - The Office of the Comptroller of the Currency will move forward with its plan to begin issuing special purpose national bank charters to fintech firms that provide services ... Read More...

Also See:
Exploring Special Purpose National Bank Charters for Fintech Companies
Comments due by January 15, 2017

As Fintech Comes of Age, Government Seeks an Oversight Role
Dec 5, 2016 - Ny Times.Com - Peter J. Henning - As the world of financial technology has gone from a geeky backwater to the forefront of innovation, regulators are following along by seeking a role in overseeing how the firms ... Read More...

EU State-By-State Regulation of Bitcoin, Digital Currencies: What ...
Dec 5, 2016 - Bitcoin Magazine.Com - Michael Scott - The European Commission's recent decision to delay new anti-money laundering legislation by six-months is the latest in a string of new developments impacting digital ... Read More...

Bitcoin Purchases In Mexico Grow As Trump's Planned Remittance ...
[Opinion] - Dec 6, 2016 - Coin Telegraph.Com - William Suberg - Bitcoin could soon come to the rescue of millions of Mexicans if the Trump administration's proposed crackdown on remittances becomes law. Digital currency ... Read More...

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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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