New York Department of Financial Services proposed anti-money laundering (AML) requirements

Baker Tilly and Global Radar presented this webinar discussion on the New York Department of Financial Services proposed anti-money laundering (AML) requirements, which includes Chief Compliance Officer certification.

On December 1, 2015 New York Department of Financial Services released a draft copy of revised regulations for anti-money laundering (AML). The proposed regulation will require:

  • An annual certification of compliance with AML laws,
  • Enhanced requirements around IT testing of systems used,
  • Readability standards for program documentation

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