What is Money Transfer Regulators Association (MTRA)?

The Money Transfer Regulators Association (MTRA) is one of the main regulatory bodies that oversees the standards — like strict licensing, Know Your Customer (KYC), and Anti-Money Laundering (AML) guidelines — that Money Service Businesses (MSBs) in the United States must adhere to in order to operate. The MTRA works on an international, national, and state level to provide a transparent system for the exchange of money for users in the United States and around the world, though much of its focus is on the United States.