5 Actions to Take Now
With the New York State Department of Financial Services (“DFS”) Part 504 regulation’s first annual compliance certification deadline approaching, financial institutions must ensure compliance as soon as possible. This piece discusses practical steps to benchmark your program against the requirements.
The International Monetary Fund estimates money laundering makes up between 2 and 5 percent of the world’s GDP — a problem the New York State Department of Financial Services (NYDFS) hopes to solve with stricter regulations.
On June 30,…
