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A Cautionary Tale for Money Service Businesses: How Violating the Bank Secrecy Act Could Cost Millions

USA - March 2 2017 On February 27, 2017, The Financial Crimes Enforcement Network (“FinCEN”) fined Merchants Bank of California (“Merchants”) $7 million for what it…

William T. Repasky, Joshua S. Rosenblatt

New York's DFS Narrows Proposed Cybersecurity Regulations

USA - January 20 2017 On September 13, 2016, the New York State Department of Financial Services ("NYDFS") issued proposed cybersecurity regulations ("Original Proposed…

Courtney Rogers, Jane Hils Shea