On November 1, 2023, the New York State Department of Financial Services (DFS) announced its adoption of key changes to its cybersecurity regulations for the financial services industry. The amended regulations apply to “covered entities,” which include any individual or entit...
Following on from its disclosure of 6th August 2014, Standard Chartered (“the Group”) announces it has reached a final settlement with the New York State Department of Financial Services (“DFS”) regarding deficiencies in the anti-money laundering transaction surveillance system ...
New York State’s Department of Financial Services (DFS) recently unveiled two new divisions with broad enforcement authority focused on consumer protection, financial enforcement, and cybersecurity. Financial service providers should take note as New York and other states continue to shore up their en...
The article examines the actions of the New York State Department of Financial Services (DFS) which has become an activist regulator of insurers and financial institutions since its start in 2011. DFS is presented to have settled with the country's largest for...
dfs.ny.gov Are you an investor? Submit your portfolio details now to be considered in our investor rankings. Submit portfolio details Partners & Customers 3 About New York Department of Financial Services New York Department of Financial Services is the department of the New York state government...
As we reported in January, the New York Department of Financial Services ("DFS") has been in the process of refining proposed regulations that would govern the cybersecurity requirements of entities falling within its jurisdiction. DFS originally released the proposed regulations in ...
We are in constant communication with the DFS to ensure our courses are up to date and meet the newest requirements. What is the DFS? The Department of Financial Services As of October 3, 2011 the New York State Banking Department and the New York State Insurance Department were abolished...
The New York State Department of Financial Services (NYDFS) has made plans to improve its capabilities to pick up on illicit crypto-related activity. According to anannouncement, the new tools aim to make sure regulation and the right investor protective methods are in place to keep up with th...
The New York state Department of Financial Services (DFS) released guidance on Dec. 15 for regulated banks seeking to engage in activities with virtual currency. The guidance, which took effect immediately,describesthe application process and “summarizes the types of information the Dep...
New York State Superintendent of Financial Services Adrienne A. Harris said, “When I came into DFS three years ago I wanted to ensure that New Yorkers know that the Department is working for them, making sure that financial services are both affordable and accessible. The BDD program is a ...