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
For more information on this topic, or to learn how Baker Tilly banking specialists can help, contact our team.