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Welcome
Welcome to the Official Site of the National Money Transmitters Association
Good Compliance • Good Government • Good Business • Good Works
The National Money Transmitters Association
An important resource for intelligence on the money transfer business
and AML issues impacting the money transfer business.*
* Caution: Under Re-construction... old links are being removed and new links updated, one-by-one. Thank you for your patience while we renovate our site. Check back with us once a week to see our progress. -ed.
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 | IMTC Brasil 2012 will be the FIRST Money Transfer Conference in the country's history as this emerging regional and world power prepares for the World Cup 2014 & the 2016 Summer Olympics. The Money Transfer Industry is rallying in support of the evolution of payment systems in Brazil, as it moves to modernize its regulations and shape the future of its bank and non-bank financial institutions. Come to Sao Paulo and be part of this history. To receive more information about IMTC BRASIL 2012 please subscribe to IMTC emails. You can opt-out at anytime. It is a networking conference with strong learning and knowledge-sharing component! Registration Form (to be used only in Brasil) - IMTC Contact For More Information |
 | IMTC Miami 2012 Our 7th Annual Miami Conference, IMTC MIAMI 2012 Conference & Trade Fair will take place October 17 - 19, 2012 More Info | |
FinCEN Launches New Money Services Business (MSB) Registration Website
Have a look, click here.
New Request for Comment on Dodd-Frank Remittances Rules
Request for Comment - you have 60 days....
"The proposal requests comment on whether a safe harbor should be adopted with respect to the phrase “normal course of business” in the definition of “remittance transfer provider.” This definition determines whether a person is covered by the rule. The proposal also requests comment on several aspects of the final rule regarding remittance transfers that are scheduled in advance, including preauthorized remittance transfers."
"The proposal requests comment on whether a safe harbor should be adopted with respect to the phrase “normal course of business” in the definition of “remittance transfer provider.” This definition determines whether a person is covered by the rule. The proposal also requests comment on several aspects of the final rule regarding remittance transfers that are scheduled in advance, including preauthorized remittance transfers."
Dodd-Frank Final Remittances Rules Are Published
Here they are, all 417 pages:
http://www.consumerfinance.gov/assets/documents/remittance/Remittances%20Final%20Rule%20-%20January%2020%202012.pdf
http://www.consumerfinance.gov/assets/documents/remittance/Remittances%20Final%20Rule%20-%20January%2020%202012.pdf
Question on Pricing Disclosure
A money transmitter writes:
"Hello David, Are we are obliged to have exposed the pricing with the cost of transfers that we execute?"
Answer.....:
"Hello David, Are we are obliged to have exposed the pricing with the cost of transfers that we execute?"
Answer.....:
Florida Proposal to Require Licensees to Have Direct Bank AccountsAdministrator On Thursday 12 January 2012 - 09:36:52 | Comment: 0
Come to IMTC Brasil!
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