..About us

The UKMTA is a not-for-profit company, owned and run by its members. The Association was founded in May 2005. There are now more than 200 money transfer companies in full membership of the Association plus other non money transfer company members.

The Association is managed by an elected executive team, made up of representatives from member companies. The current Chairman of the Association is Dominic Thorncroft. He can be contacted on 07950 452992 or email dominic.thorncroft@ukmta.org

Members of the Executive are:

Dominic Thorncroft, VS1 Payment Services (Chairman)
Rupert Lee Brown, Caxton FX (Vice Chairman)
Shabbir Merali, Choice Money Transfer (Treasurer)
Paola Basilico, Safe Transfer (Secretary)
Orlando Romero, Giros Seguros
Hope Sortie, Jamaica National
Jawwad Riaz, Riaz MSB
Abdul Ullah, AN Telectom
Kerry Madgwick, Afritrans

The Executive meets regularly to plan the work of the Association.

 

Our Services to Members


Conferences
An important part of the UKMTA's activity is the organisation of conferences.
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Regional Meetings
In months when the UKMTA does not have conferences, we offer regional and/or issue specific meetings.
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Anti Money Laundering Training (on line)

The Association has developed an on line training module to meet the needs of money transfer companies.
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Compliance Manual

The UKMTA recommends that money transfer companies should have a written compliance manual which sets down how the company is complying with the law.

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Assistance with the UK Payment Services Regulation

The Payment Services Directive (PSD) and the UK Payment Services Regulation (PSR) came into effect in UK and EU law on 1st November 2009.

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Other Services
Information updates.
Treating Customers Fairly - Customer Charter assistance.
Representation to law-makers
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Information updates
All professionals working in the money transfer and payments sector need to keep up to date with key developments which are impacting on the market. The UKMTA circulates updates on the regulatory changes, market data and other important information as soon as it becomes available.