NYDFS Issues Guidelines to Protect Crypto Customer Fund
The New York State Department of Financial Services (NYDFS) released regulatory guidance on Monday, ordering all crypto companies to separate funds belonging to the customers and their own. The regulatory superintendent, Adrienne Harris, highlighted that the rules focus on protecting customers’ funds in case of an insolvency or similar proceeding. “DFS’s virtual currency regulation Regulation […]
8 AML Guidelines Every Compliance Team Should Be Using
Many compliance teams may find that AML or anti-money laundering detection rules aren’t straightforward in their application. This happens due to the plethora of risk factors and possible thresholds which are relevant to each of their respective business models, customers, range of products and so forth. Even with that being the case, there are some […]