Training Course Syllabus:

Understanding the Newly Implemented New York State Department of Financial Services’ AML Requirements

Objectives of the Presentation

• Provide background regarding the evolution of the NYSDFS AML Final Rule


• Assessment of key components of the NYSDFS AML Final Rule


• Discussion of best practices


• Address questions and ambiguities regarding the NYSDFS AML Final Rule


• Discussion of the certification requirements


• Discussion regarding non-compliance

Why Should you Attend

All regulated financial institutions in operating New York should be concerned about adhering to the requirements of the AML Final Rule issued on June 30, 2016. This session provides perspective on requirements and best practices to ensure maintaining a "reasonably designed" AML transaction monitoring and filtering programs.

Areas Covered

• Background of the Final Rule


• Difference Between Proposed Rule and Final Rule


• Key Components of the Final Rule


• Best Practices


• Annual Certification


• Consequences of non-compliance


• Conclusion

Seminar Summary:

On June 30, 2016, the New York State Department of Financial Services (NYSDFS) issued a Final Rule requiring financial institutions to maintain reasonably designed AML transaction monitoring and filtering programs. The rule is effective as of January 1, 2017. (see full course description)

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