- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: New York Governor Andrew Cuomo has proposed a slate of new anti-money laundering and anti-terrorism regulations for financial institutions that fall under that state’s supervision. They include a requirement that senior financial executives certify their institutions have sufficient systems in place to detect, weed out, and prevent illicit transactions, ...
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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 ...
Earlier this month New York officials proposed new anti-money laundering regulations for financial institutions that fall under that state’s regulatory regime and supervision—which pretty much includes every major international bank in the world. Along with heightened demands for monitoring programs that detect money laundering red flags, the requirements seek to ...
Bank of America avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency but was ordered to shore up previously disclosed deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) and sanctions compliance programs.
