| Few people know that California is one of the largest MT Markets in the world. More than 16 billion dollars is sent from the state each year, mostly to Mexico, India, China, Guatemala, Vietnam, El Salvador and the Phillipines. |
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| Economists at the World Bank estimate that Money Transfers will grow steadily in the next couple of years, not because there is an increase in migration, but because of the shift in migrant employments, from the depressed housing construction industry to service and manufacturing jobs. World Bank's "Outlook for Remittance Flows 2011-13" estimates that overall remittance flows to all developing countries are expected to grow by about 7 to 9 percent annually through 2013. |
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| "Only the companies that can succesfully offer money transfer services across ethnic lines with a growing client base together with the ability to use technology and partner with other payment service providers will make it in this next cycle that the industry is facing" If you are a technology provider and want to be part of the Conference, contact us! Hugo Cuevas-Mohr Conference Director and Money Transfer Consultant |
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| Conference Agenda We are updating the agenda frequently! |
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| Conference Fees Conference FAQs - Terms & Conditions |
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The InterContinental Century City Hotel |
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Conference Speakers |
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| IMTC WEST 2012 TRADE FAIR check the Exhibition Area here. |
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 Our two pre-conference seminars: - MTXS - Money Transfer and Foreign Exchange Regulation Seminar - DMS - Digital Marketing Seminar The Regulation Seminar will start with New York counsel George Brown on State Regulations, followed by Miami attorney Andrew Ittleman on US Regulation and Foreign MSBs. Then, California attorney Deborah Thoren-Peden will discuss US Federal Regulation and Rebecca Smullin from the Consumer Financial Protection Bureau will discuss the new regulations concerning MSBs. In the afternoon, European Regulations will be discussed by Spanish lawyer Miguel Linares, Canadian Regulation will be discussed by Jacqueline Shinfield, Brazilian Regulations by Rodney Alves and Mexican Regulations by Mexican Professor and business woman Maria del Rocío Gallego. Our Digital Marketing experts, Bruce Carlisle (Digital Axle), Matthew Stormoen (Pure Focus), Pilar Browen (Red Door), Susana Yee (Buzzsmith), Daniela Cuevas (Spark Group) & Eric Eddings (Gluttony), will be the instructors of the DMS - Digital Marketing Seminar sponsored and organized by The Spark Group. |
 The IMTC WEST Conference will be inaugurated by World Bank expert Dilip Ratha bringing us the latest data on remittances and pricing, followed by Hugo Cuevas-Mohr discussing the main US-Asia and US-Latin American Main Remittance Corridors. Then, our colleague Debanshu Majumdar (Xpress Money), will discuss partnerships followed by Catherine Banneux (SWIFT) and Frédéric Shepens (BICS) on interoperability and the linking of payment networks. The morning will end with a panel on compliance challenges of Digital Money Transfers moderated by compliance expert Connie Fenchel and panelists California attorney Thomas Brown, Compliance Officers Martha Mc Clure (XOOM) and Jeff Ross (Green Dot). In the afternoon, the group will be divided between our business sessions and the ICS - IMTC Compliance Seminar. The business session will have two round tables conducted by Hugo Cuevas-Mohr and Nabil Kabbani,on discussing the alternative payment channels and the money transfer industry. The Compliance Seminar will have its first session on Managing Bank Compliance Relationships with AML/BSA expert Jay Postma, NMTA Director David Landsman followed by a session on managing Correspondent Compliance relationships by compliance manager Zory Muñoz, Consultant Silvia Arias and AML/BSA expert Fernanda Miranda. |
 In the morning, the Business Session will start with our round table on Mexico entitled: Why are remittances to Mexico increasing? . See our DOCUMENT on the subject here. It will then be followed by a panel on remittances to Central America with panelists Eduardo Castaneda (Scotiabank) and Luis Araoz (MoneyGram) and a panel on the evolution & survival of niche markets with panelists Freddie Seba (Nexxo) and Debanshu Majumdar (Xpress Money). The Compliance Seminar will start the morning with its third session on Managing Agent Compliance Relationships with compliance manager Zory Muñoz and NMTA Director David Landsman. The Seminar will end with its fourth session on Managing Compliance Relationships with Regulators with the participation of compliance expert Connie Fenchel and NMTA Director David Landsman. After lunch, the conference will end with two excellent panels, one about the US-Mexico Border Region with panelist Cameron Holmes, Director of the Southwestern Border Anti-Money Laundering Alliance. The last session on Banks and Money Transfer Companies and the emergence of a new business model with Jim Wills (SWIFT), Suresh Ramamurthi (CBW Bank), Jay Postma and legal consultant Thomas Brown. |
 I think it is important to check the following documents: - The FINCEN report of Money Transfer Agents and its findings - after the Money Services Businesses Agent Request Initiative in 2011 - which will analyzed in the Compliance Seminar, - Manuel Orozco's document Future Trends in Remittances to Latin American and the Caribbean with excellent information which will serve as the basis for the Panel on Central American Remittances, - The CFPB Final Remittance Rule that will be analyzed in the Regulation Seminar - The document on Mexican Remittances (will be updated with an addendum with charts and graphs later this week) which will be analyzed in the Business Session on Friday, June 1st - Cameron Holmes's two papers on the compliance challenges at the US-Mexico border: Mexico Threat Assessment: Countermeasures and Money Transfers Making A Difference: First, do no harm with will serve as the basis for Mr. Holmes presentation on the panel on June 1st . David Landsman released last week his new "NMTA News Blast" where he outlines a number of excellent resources and provides a link to an interview he had by the American Banker on Somalian Remittances. If you want to receive the NMTA news blast, ask David Landsman for your copy. |
