Final regulations impose certification requirements on a financial institution’s Board of Directors or Senior Officer(s) relating to BSA/AML and OFAC compliance.
The New York State Register today published the final...more
7/21/2016
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Board of Directors ,
Certification Requirements ,
Compliance ,
Corporate Executives ,
Final Rules ,
Financial Institutions ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Suspicious Activity Reports (SARs) ,
Training Requirements
Proposed regulations impose new certification requirements that could result in personal liability for compliance officers of financial institutions.
On December 1, 2015, the New York State Department of Financial...more
Cryptocurrency is on the rise...and so are enforcement actions.
In less than a decade, cyptocurrencies have grown from a novelty reserved for those dealing in the illicit into a robust platform embraced by financial...more
12/9/2015
/ Anti-Money Laundering ,
Bitcoin ,
BitLicense ,
CFTC ,
Cryptocurrency ,
Dodd-Frank ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FinCEN ,
Popular ,
Securities and Exchange Commission (SEC) ,
Young Lawyers