Daily Archives: February 24, 2016, 10:44 am

Expanding personal liability for chief compliance officers: MN federal court decision, proposed NY regulation continue the trend | DLA Piper

A recent decision from a federal district court and a proposed regulation from the New York State Department of Financial Services provide even more reason for compliance officers at financial institutions to install robust anti-money laundering compliance programs. Under the district court decision and proposed regulation, chief compliance officers would be personally subject to both civil and criminal liability if…

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