What are the membership fees?
Full Members (Registered money transfer company only)- £150 (until
December 2008)
Associate members (Other company/organisation) - £500 (until December 2008)
Associate members (Individual) - £200 (until December 2008)
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What are the membership requirements?
To be entitled to full membership, each applicant will have to demonstrate
the following:
*A written compliance programme, signed off by senior management
*Money Laundering Reporting Officer appointed
*Employee training programme in place
*Evidence of a Customer Due Diligence policy
*All records stored for at least five years
*Evidence of audits of anti-money laundering
compliance (internal/external)
Based on the written application forms, the
Association may feel that the applicant Money transfer company is not yet at the
required standard for membership. UK MTA will offer support to enable the
application to meet the membership standard.
Once in membership, all companies
must commit to being actively engaged in the work of the Association.
I am interested in the Association – how can I find out more?
Dominic Thorncroft is Chairman of the UKMTA for 2007/2008. He can be contacted at Unit 8, 42 Braganza Street,
SE17 3RJ. Telephone/fax: 0207 735 6222. Mobile phone: 07950 452992. Or at dominic.thorncroft@ukmta.org.