The New York State Department of Financial Services joined the Network for Greening the Financial System, an international coalition of bank supervisors created to "mobiliz[e] the financial industry to address climate change."
The U.S. District Court for the Southern District of New York denied the Office of the Comptroller of the Currency’s motion to dismiss a lawsuit that challenged the OCC’s authority to issue "FinTech" charters under the National Bank Act.
At a recent webinar, Cadwalader attorneys reviewed anti-money laundering developments affecting cannabis businesses, broker-dealers and blockchain, and discussed draft legislation affecting the Bank Secrecy Act.
Beginning on October 1, 2018, financial service companies holding check casher and virtual currency business activity licenses may transition those licenses to the Nationwide Multistate Licensing System and Registry.
The CFTC and the North American Securities Administrators Association signed an agreement to share confidential information in order to improve and increase the impact of enforcement-related activities.
On June 23, 2017, the North American Securities Administrators Association will hold a cybersecurity roundtable. Industry experts and regulators will discuss cybersecurity developments and information-protection measures.
The New York Department of Financial Services adopted standards for filtering programs that monitor transactions for potential anti-money laundering and Bank Secrecy Act violations and block transactions that are prohibited by the Treasury's Office of Foreign Assets Control.