Topics covered in this edition of Compliance Insights
(1) NYDFS Issues Guidance for Virtual Currency Entities
: In February 2018, the New York State Department of Financial Services (NYDFS) released guidance requiring virtual currency entities to adopt measures to combat fraud and market manipulation.
(2) Legislative Actions to Improve the U.S. AML/CTF Framework
: In January 2018, the Senate Banking Committee held two hearings aimed at reforming the U.S. AML/CTF framework.
(3) CFPB Releases Five-Year Strategic Plan
: In February 2018, the Consumer Financial Protection Bureau published a plan that sets forth the strategic direction for the agency.