NY Anti-Terror Rules Put Bull's Eye On Compliance Pros
By Evan Weinberger (December 1, 2015, 8:52 PM EST) -- New York state's bid to hold chief compliance officers at banks accountable for failing to prevent terrorists and other criminals from laundering money could result in banks ratcheting up their safeguards, but only if those executives are given sufficient authority to force changes, experts say.
The New York Department of Financial Services released new proposals for strict anti-money laundering and Bank Secrecy Act regulations Tuesday that the state said would help in the fight against terrorism by making it harder for terror groups to transfer money around the world. While much of what was in the proposal simply heightened the already...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!