Regulation 504 and The Evolving Compliance Landscape

On June 30, 2016, the New York State Department of Financial Services (“NYS DFS”) issued the final version Rule 504, “Banking Division Transaction Monitoring and Filtering Program Requirements and Certifications.”  The Rule takes effect on January 1, 2017, with the first reporting date of April 15, 2018.  In a sense, the Rule follows upon the […]

To access this post, you must purchase Academic Premium Individual Membership.
About William Schlameuss

William Schlameuss has over 20 years’ experience in regulatory compliance, including BSA/AML/OFAC. He has worked with a wide range of US branches of major foreign banking organizations from all continents, both as chief compliance officer and compliance consultant. He has a prior background in IT as manager and implementer of core banking and payment systems, as well as compliance-related systems.Follow William on LinkedIn: