NY Regulators Pose New Challenges to Compliance Officers
Image: The state of New York is muscling its way into financial regulation, with regulator Benjamin Lawsky proposing moves in anti-money laundering compliance far more bold than anything the feds are doing. Inside is a look at what the Empire State wants to achieve, and the potentially severe liability CCOs ...
Related articles
-
Article
Q&A: Perspective on New York’s New AML Requirements for CCOs
Image: Officials in New York have proposed a slate of new anti-money laundering regulations for financial institutions that fall under that state’s regulatory regime and supervision. It would require CCOs to submit annual certifications, with the threat of criminal liability for false or misleading statements, on the effectiveness of their ...
-
ArticleSeven years in, GDPR faces growing challenges from AI and ‘consent or pay’ models
Europe’s pioneering data protection legislation turned seven years old in May, but the compliance and enforcement difficulties that have dogged the rules since they came into force look set to present both companies and data regulators with fresh headaches for some time to come.
-
News BriefCommunication and relationships is increasingly critical for compliance teams
Compliance is increasingly in the spotlight as companies are tackling everything from artificial intelligence and other new technologies to risk management and mitigation. But it’s soft skills of communication and relationship building that are becoming the most critical tools for success.