The Electronic Money Association (EMA) is the trade body representing electronic money

Electronic money

Electronic money is money or scrip that is only exchanged electronically. Typically, this involves the use of computer networks, the internet and digital stored value systems...

 issuers in Europe

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

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Role

The EMA is the trade body representing electronic money issuers and payment institutions. It brings together payments companies, the telecommunications and transport sectors as well as specialist e-money issuers to address issues of common interest and to act in the interest of the industry as a whole. The EMA represents industry with regulators, government bodies as well as international organisations. It responds to regulatory proposals, drafts industry guidelines and acts as a forum for communication and education.

Structure

The EMA is a committee with sub-committees formed to address areas of special concern including:

• Money Laundering
  Money laundering
  Money laundering is the process of disguising illegal sources of money so that it looks like it came from legal sources. The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote estimates each year for the amount...
  
  
• Fraud
  Fraud
  In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation...
  
  
• Online Fraud and Security
  Internet security
  Internet security is a branch of computer security specifically related to the Internet. Its objective is to establish rules and measures to use against attacks over the Internet. The Internet represents an insecure channel for exchanging information leading to a high risk of intrusion or fraud,...
  
  

Activities

Members of the Electronic Money Association and its subcommittees meets on a monthly basis in Central London

Central London

Central London is the innermost part of London, England. There is no official or commonly accepted definition of its area, but its characteristics are understood to include a high density built environment, high land values, an elevated daytime population and a concentration of regionally,...

. Additionally, the EMA organizes seminars and conferences:

• The first EMA Conference on The Revision of the E-money Directive was held in February 2006 in Brussels
  Brussels
  Brussels , officially the Brussels Region or Brussels-Capital Region , is the capital of Belgium and the de facto capital of the European Union...
  
  , Belgium
  Belgium
  Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
  
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• The second EMA Conference on Future of Payments in Europe was held in November 2007 in London, UK.
• The 3rd EMA conference on 'The European Payment Services Directive and the Global Regulation of Payments' took place on 24 November 2009 at the Marriott West India Quay in London, United Kingdom.
• The 4th EMA conference on 'The evolution of e-money and payment institutions: new opportunities, new challenges' will take place on 29 and 30 November 2011 at the Crowne Plaza Brussels 'Le Palace' in Belgium.