Tag Archives: anti-terrorism

New York State’s New Regulation to Stem Terror Financing

By David Holley

In the last few years, the New York State Department of Financial Services (“NYSDFS”) has fined financial institutions billions of dollars for lapses in their terrorist financing, sanctions, and anti-money laundering compliance programs. In recent enforcement actions, the NYSDFS has not only levied fines, but also sought to hold individuals involved in intentional circumvention of these laws accountable by seeking their termination or banning them from working in New York State–licensed entities.

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