Industrial Bank of Korea Agrees to a Deferred Prosecution Agreement and $86...
On April 20, 2020, the U.S. Attorney for the Southern District of New York (SDNY) announced that the Industrial Bank of Korea (IBK) agreed to a deferred prosecution agreement (DPA) and $51 million...
View ArticleNYDFS and OCC Announce Major Overhauls Important for Virtual Currency Businesses
The Office of the Comptroller of the Currency (OCC) and the New York Department of Financial Services (NYDFS) each recently took significant steps to address the key impediments for virtual currency...
View ArticleNYDFS Requires Board or Senior Officers to Certify AML and Sanctions...
On June 30, 2016, the New York State Department of Financial Services (NYDFS) adopted a final rule imposing new anti-money laundering (AML) and economic sanctions requirements on banks and other...
View ArticleNYDFS Implements First-In-The-Nation Cybersecurity Rule for Covered Financial...
On February 16, 2017, the New York Department of Financial Services (NYDFS) published a final rule (the “Rule”) imposing new cybersecurity requirements on covered financial institutions. The Rule takes...
View Article
