The remittance industry gathered into one body
IAMTN raises awareness on the importance of money transfers as one of the most dynamic sectors of the world economy, as well as a widely spread social phenomenon.
Remittances are among the most tangible links between migration and development. There is tremendous potential for using remittances to encourage development in many countries. IAMTN is the International Association of Money Transfer Networks that represents the remittances industry worldwide since 2005. Members of IAMTN provide a full range of money transfer (remittance) services to private individuals and small businesses in over 90 countries and territories.
As a truly global lobbyist of the remittances industry, IAMTN raises awareness on the importance of money transfers as one of the most dynamic sectors of the world economy as well, as a widely spread social phenomenon. Working closely with governmental agencies, financial regulators and anti money-laundering bodies to make sure that the money transfers legislation reflects the realities of the modern world and provides for efficient and affordable remittance services to the customers around the world.
The international Association of International Money Transfer Networks has set up a Task Force to tackle the key issues in relation to difficulties that its members have in accessing bank accounts. The Task Force, which is comprised of members from a number of key regions, is being established to assist money transfer operators (MTOs) in opening bank accounts. The aim is to reach broad agreement with the banking industry on the criteria that are necessary for an MTO to open and maintain a bank account.
Some banks perceive that some remittance companies are potentially high-risk clients and have therefore taken a blanket decision not to offer services to them. In some markets all the banks have ceased providing services to MTOs which means that they can not operate and as a result the transactions will be lost from the regulated to unregulated market. Therefore we would really like to hear from any business that is or has been impacted by this. If you are not a member yet join us to be part of the remittance industry.
As every year the International Association of Money Transfer Networks is inviting money transfer professionals from all over the world to the major event of the industry - the Global Money Transfers Summit. This year’s Summit will take place on November 2012 in Central London where Money Transfer Awards will be presented.
The IAMTN Annual Awards are strongly contested and highly prestigious and there is no better reward than to be recognised by one’s peers. Entries for “IAMTN-MTA 2012” are open for nominations for the best money transfer company in each region. Any member of the public can nominate Money Transfer Company of its choice. You can make your nomination by London Awards 2012, at http://iamtn.org/mta-2012. Please note nominations must be received by 31st October 2012.
As a non-profit organisation, International Association of the Money Transfer Networks provides its members with access to the potential business partners internationally, research data on money transfers and associated industries. Join us if you if you want to be part of the remittances industry. IAMTN offer flexible memberships to suit your needs. For the opportunity to find new international partners and influence global money transfer events please get in contact with IAMTN now.
- Contact Information
- Kellie Waidson
- Conference Manager
- Contact via E-mail
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