The Money Transmitters Regulators Association will hold its 25th Annual Conference in October 6-9 in Kansas City Missouri. This conference is mainly attended by regulators from all the states that license Non-Bank Financial Institutions that are required to obtain a license to offer their services to customers in their state. The Money transmitter industry is also present with representatives from all major companies: Compliance Officers, BSA Officers, Compliance Managers, Compliance Consultants, Regulatory Counsel, Attorneys, Bond issuers, etc.

The Event

This year, the Kansas City Marriott Downtown will be the host of the MTRA, an event that is skillfully put together by Ms. Susan Shermer, MTRA Administrator. Monday the 5th and Tuesday the 6th are regulators-only sessions. The industry forum starts on Tuesday, October 6 at 1:30 pm with the “Industry only Forum” facilitated by Ron Schwartzman, Chief Compliance Officer from Uniteller Financial Services and Andrew McElmell, Sr. Regulatory Counsel at PayPal. At the end of this session IMTC will host the Welcome Reception on Tuesday evening from 5:30 pm till 7:00 pm in the beautiful & historic “Barney Allis Lobby”. You are all invited.

On Wednesday, October 7th, is the “Meet the Regulator” Breakfast followed by a Welcome Message by MTRA’s President Stephanie Newberg, Texas Department of Banking and Judi Stork, Deputy Commissioner, Kansas Office of the State Bank Commissioner. Jamal El-Hindi, Deputy Director of FinCEN will make a presentation right after. The full Agenda can be viewed here: MTRA AGENDA . You will notice in the Agenda that I will be delivering a presentation on Thursday, Oct 8 at 8:30 am entitled Global Money Transmitter Industry: A Comparative Look between the US and the World. I am grateful and honored to discuss my views of the industry in such an interesting forum. To register for the MTRA follow this link: https://www.regonline.com/MTRA2015KC

The Association

As we mentioned above Stephanie Newberg of the Texas Department of Banking is the President of the MTRA and Mr. Doug Buras from the Louisiana Office of Financial Institutions is the  – Vice President. The other officials of the MTRA are Becky Doane – Secretary; Pennsylvania Department of Banking and Securities, Joe Rooney – Treasurer; Maryland DLLR, Office of the Commissioner of Financial Regulation, Karen Heede – Virginia Bureau of Financial Institutions, Robin Lobb – Kansas Office of the State Bank Commissioner, Chris Pope – Massachusetts Division of Banks, Ryan Seals – Wyoming Division of Banking and Rick St. Onge – Washington Department of Financial Institutions. Read their first newsletter of the association, that was published just this past January: MTRA 2015 Newsletter