New York DFS Rule 504 AML Program Certification – Are You Ready? Is this the New Normal?
In this era of increasing personal risk for Compliance officers, it is more critical than ever to ensure that your 504 Certification is based on a sound and thorough substantive foundation. This practical panel will provide sound advice on how to prepare to meet the new Compliance Certification requirement issued by New York’s Department of Financial Services. Panelists will review the functional requirements of the rule, which address AML transaction monitoring and sanctions screening, and will provide a detailed framework for Compliance project planning toward implementation.