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Personal Liability – New York State of Mind

Trends in Personal Liability from New York State


Credits Awarded: 1 CAMS, 1.25 CRCM

Examiners are expecting financial institutions to prove that their processes are sufficient for identifying suspicious activity by conducting program evaluations, data integrity reviews and more. BSA and Compliance professionals are concerned they will be found personally liable if their examiners find problems with their monitoring programs.

New York’s Department of Financial Services even went so far as to pass a new regulation requiring institutions to certify that their suspicious activity monitoring program is sufficient. Concerns are now being raised that other states will soon follow NYDFS’s lead.

This webinar will review expectations from both the NYDFS and other examiners. It will provide tips and best practices to assist with reducing the personal liability at your institution.


 The presentation slides are available here.