Cuomo Signs Bill To Curb Fraud In Nonprofits

Law360, New York (December 19, 2013, 5:57 PM EST) -- A bill backed by New York Attorney General Eric T. Schneiderman that aims to curb fraud and increase public trust in the state’s charities and nonprofit organizations was signed into law Wednesday night by Gov. Andrew M. Cuomo.

The attorney general had gathered with legislative leaders in May to propose the Nonprofit Revitalization Act, which is intended to prevent conflicts of interest and increase the state’s policing powers by overhauling the laws governing New York’s nonprofit sector.

“Our nonprofit sector is one of the jewels of New...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.