- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
New York’s Department of Financial Services has delayed implementation of its new cyber-security rules for banks and plans to announce changes to the requirements next week. Joe Mont explores.
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New York financial institutions are expected to address cybersecurity risks posed by artificial intelligence, and new guidance from the New York Department of Financial Services is aimed at helping firms do just that.
Finland-based Nordea Bank will pay $35 million to resolve an investigation by the New York Department of Financial Services into “significant compliance failures” in its anti-money laundering and Bank Secrecy Act program.
MoneyGram disclosed it expects to pay a total of $15.8 million to settle two separate investigations by the New York State Department of Financial Services and the Consumer Financial Protection Bureau.
