The New York State Department of Financial Services’ proposed anti-money laundering and sanctions compliance monitoring regulation will affect New York-chartered banks and other financial institutions licensed in New York. Please join Mayer Brown lawyers Tom Delaney and Matt Bisanz as they discuss a number of important topics related to the proposal, including:
- The Chief Compliance Officer attestation requirement
- Potential codification of contemporary “best practices” as binding law
- New requirements such as PEP list filtering
- Potentially divergent federal and New York compliance expectations, including duplicative penalties
For additional information, please contact
Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.