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What can businesses expect after the US election? A few thoughts
With two months to go until America votes for its next President, we look at the potential implications for economic policy and regulation.
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NYDFS charges Nordea Bank for compliance and due diligence failures
NYDFS alleged that Nordea’s AML safeguards at its former Baltic branches failed to meet its risk for money laundering and other suspicious transactions.
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NYDFS’s new crypto business guidance for consumer complaints
NYDFS issues new “expectations” of cryptocurrency service providers for handling customer complaints.
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Fed and NYDFS order ICBC to pay $32.4m for AML, compliance program lapses
Beijing-based ICBC signs consent order to resolve money laundering and confidential supervisory information compliance deficiencies.
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Genesis settles with NYDFS, forfeits BitLicense, pays $8m fine
Genesis Global Trading agreed to pay $8m and give up its BitLicense to settle violations of NYDFS’s virtual currency and cybersecurity regulations.
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Consumer-protection laws in 2024: Robocalls, BNPL plans, funds for victims
Several laws go into effect in 2024 that have the everyday consumer in mind.
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NYDFS issues final guidance for banks concerning climate change risks
Its regulated institutions need to appropriately manage the material risks associated with climate change as a matter of safety and soundness.
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NYDFS updates cybersecurity requirements for financial services companies
Major amendments to Part 500 cybersecurity regs adopted – we set out what you need to know.