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On January 5, 2017, the NYSDFS Superintendent Maria T. Vullo announced that the Department's transaction monitoring and filtering program regulation took effect as of January 1st.
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On January 5, 2017, the New York State Department of Financial
Services (NYSDFS) Superintendent Maria T. Vullo announced that the
Department's transaction monitoring and filtering program
regulation took effect as of January 1st. Under the final
regulation, institutions regulated by the NYSDFS must: maintain
programs to monitor and filter transactions for potential Bank
Secrecy Act and anti-money laundering violations and suspicious
activity reporting; maintain a filtering program to prevent
transactions that are prohibited by the Office of Foreign Assets
Control; and submit a confirmation to the NYSDFS regarding
compliance with the final rule.
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New York State Department Of Financial Services Announces That Anti-Terrorism Transaction Monitoring And Filtering Program Regulation Is In Effect
United StatesFinance and Banking
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Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
