New York State’s Department of Financial Services (DFS) has released a Request for Comments on a Proposed Framework for a Conditional BitLicense (Request for Comments) that DFS says will make it easier for start-ups to enter...more
7/1/2020
/ Bitcoin ,
BitLicense ,
Comment Period ,
Early Stage Companies ,
Financial Services Industry ,
Fintech Charter ,
Incubators ,
NYDFS ,
Proposed Regulation ,
Startups ,
Virtual Currency
Many insurers are reviewing the applicable legal requirements with respect to electronic signatures and records and have inquired with state insurance departments about their current practices. On March 26, 2020, the New York...more
On October 23, the District Court for the Southern District of New York (SDNY) issued a final judgment setting aside in relevant part the regulation on which the Office of the Comptroller of the Currency (OCC) based its...more
On June 30, 2016, the New York Department of Financial Services (DFS) adopted a new anti-terrorism and anti-money laundering (AML) regulation (Final Rule) that builds on federal anti-money laundering requirements to address...more
7/29/2016
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Board of Directors ,
Chief Compliance Officers ,
Corporate Officers ,
Counter-Terrorist ,
Data Security ,
Final Rules ,
Financial Institutions ,
Internal Controls ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Recordkeeping Requirements ,
Risk Assessment ,
Suspicious Activity Reports (SARs) ,
Transaction Monitoring