This session will provide a survey of key issues and trends impacting the fintech and digital assets community as well as the future opportunities and challenges presented for these financial products and services. It will...more
4/22/2024
/ Banking Regulators ,
Banking Sector ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Continuing Legal Education ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Products ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FinTech ,
NYDFS ,
Partnerships ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Third-Party Risk ,
Webinars
As consumer-facing financial institutions of all types—from well-established banks to newly-launched fintechs—set their 2024 regulatory compliance goals, they may wonder if their New Year’s resolutions align with those that...more
1/12/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Due Diligence ,
Enforcement Actions ,
FDIC ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
FinCEN ,
Governance Standards ,
NYDFS ,
OCC ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Regulatory Agenda ,
Remediation ,
Self-Reporting ,
Third-Party ,
UDAAP
In 2017, the New York Department of Financial Services (“NYDFS”) enacted a landmark regulation requiring financial services institutions such as banks and insurance companies in the state to meet substantial cybersecurity...more
11/8/2023
/ Banking Sector ,
Covered Entities ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
NYDFS ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management
Shinhan Bank America (“Shinhan”), a New York-based subsidiary of a Korean bank, faced coordinated enforcement actions on September 29 from the Financial Crimes Enforcement Network (“FinCEN”), Federal Deposit Insurance...more
10/12/2023
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
FDIC ,
Financial Institutions ,
FinCEN ,
FinTech ,
New York ,
NYDFS
The New York Department of Financial Services (NYDFS) proudly announced an “update on [its] two-year transformational initiative to strengthen NYDFS’ nation-leading virtual currency oversight” on September 18, 2023. Although...more
10/9/2023
/ Bitcoin ,
Comment Period ,
Corporate Governance ,
Cryptoassets ,
Cryptocurrency ,
New Guidance ,
NYDFS ,
Public Comment ,
Regulatory Agenda ,
Regulatory Requirements ,
Virtual Currency