• Welcome to UK Money

    Transmitters Association

    Want to be a member?

  • Member registration

    Full membership available for regulated money transfer

  • An on line training module

    to meet the needs of money transfer companies which need to train employees, agents and agent employees in their anti-money laundering and counter terrorist finance responsibilities

What's New

  • UKMTA Conference 17th May

    17th May, 2012

    International payment services – perspectives from the UK, European Union and the USA

    ~/UKMTA conference, 17th May - timings (1).doc

    • UKMTA Conference 29th February

    14 February, 2012

    International payment services – opportunities and challenges for the UK payments sector

    ~/UKMTA conference, 29th February - timings.doc

  • Association calls for lessons to be learned

    September 17, 2010

    Association calls for lessons to be learned following collapse of Crown Currency Exchange.

    read more

 

The UK Money Transmitters Association

(UKMTA)represents Payment Institutions regulated by the Financial Services Authority. All Payment Institutions must also comply with the money laundering regulations, which are supervised by HM Revenue and Customs. In 2012, the Association will:

  • Hold four London conferences plus other regional and issue specific meetings at which those with an interest in payment services can come together to discuss issues of common concern.
  • Be the representative of the industry with the UK government and within the European Union - in particular, to ensure that the voice of smaller and medium sized firms is heard
  • Engage in dialogue with UK regulators to ensure that the relevant laws and regulations are fairly and consistently applied
  • Establish and promote 'best practice' models in connection with issues such as effective customer due diligence procedures, transaction monitoring, client funds safeguarding, etc
  • Provide training, information and support to Payment Institutions to help them comply with the laws and regulations
  • Seek to establish and promote shared high standards across the payment services and money transfer industry
  • Establish an effective dialogue with the UK banks to ensure that they behave reasonably in their relations with payment firms
  • Promote the benefits and advantages of the payments sector to consumers and other customers