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The Remittances Industry


The remittances industry has a very long history, as migrant workers have always sent money home to support their families or communities. In developing countries, remittances are an important source of family and national income and the largest source of external financing. The money transfer industry has a lucrative future, as the industry grows ever bigger but this industry has been challenged once more after the financial crisis of 2008, as hundreds of money transfer companies face bank account closures and shutdown due to regulatory concerns seeking ways to mitigate the risk of money laundering and terrorist financing.

The remittances industry should be safe, efficient and reliable. The regulatory environment is constantly changing and currently around the world items ranging from AML directives to taxes on remittances are being constantly debated and, in many cases, brought into law without meaningful consultation with the money transfer industry. The International Association of Money Transfer Networks (IAMTN) will continue to enhance its work with all stakeholders and to represent the industry wherever we can.  In particular, it will continue with the dialogues that we have started with regulators and central banks. At the next GMTS-2013 we will look at how the industry can provide more input into these matters and become more effective.

The Global Money Transfer Summit 2013 is organised by IAMTN, the International Association of Money Transfer Networks and sponsored by Prabhu Money Transfer, Azimo, Times of Money, Thomson Reuters, Golden Crown - Money Transfer, RemitOne and Jumio Inc. As every year, the International Association of Money Transfer Networks (IAMTN) is inviting money transfer professionals from all over the world to the major event of the industry - the 8th Global Money Transfer Summit.

This year’s London Summit will take place on 29th & 30th October 2013 at The Tower Hotel, London, UK.

The event is open to members and non-members alike, and attracts delegates from across the world that come not only to hear from our wide array of speakers but also to meet their fellow industry partners. In particular they are looking to cement existing relationships and create new ones.

Participants will be given the opportunity to meet potential project partners, find initiatives to participate in, collect information on innovative programmes aimed at leveraging the role of remittances for development, get in touch with stakeholders, participate in discussions, and promote their own activities.

Registration is now open. Please visit our website, or contact (



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