On June 30, 2016, the New York Department of Financial Services (DFS) adopted a new anti-terrorism and anti-money laundering (AML) regulation (Final Rule) that builds on federal anti-money laundering requirements to address...more
7/29/2016
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Board of Directors ,
Chief Compliance Officers ,
Corporate Officers ,
Counter-Terrorist ,
Data Security ,
Final Rules ,
Financial Institutions ,
Internal Controls ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Recordkeeping Requirements ,
Risk Assessment ,
Suspicious Activity Reports (SARs) ,
Transaction Monitoring
Last month, the Commodity Futures Trading Commission (CFTC) issued a request for public comment on its swap data recordkeeping and reporting requirements under Part 45 of its regulations. The CFTC adopted Part 45 in 2012...more