NYDFS Part 504 Review

NYDFS Part 504 Transaction Monitoring & Filtering Program Review

Effective January 1, 2017, the NYDFS requires all New York financial institutions to adopt transaction monitoring and filtering programs to provide further governance, oversight and accountability. We have developed comprehensive solutions to keep you fully compliant.

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Our Commitment:

Guaranteed to meet or exceed all NYDFS requirements
Dedicated to help you understand and implement specific requirements as it relates to New York State Department of Financial Services
Committed to completing your 504 Review & Training within your deadline

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NYDFS Part 504 Transaction Monitoring & Filtering Program Review & Training Includes:

Review updated Risk Assessment of the company
Review the Transaction Monitoring Program to ensure it is reasonably designed for the purpose of monitoring transactions after their execution for potential BSA/AML/OFAC violations and suspicious activity reporting
Review Company’s Filtering Program to ensure it is reasonably designed for the purpose of interdicting transactions that are prohibited by OFAC, and which shall include the following attributes, to the extent applicable as required by New York Department of Financial Institutions
Train company on any and all identified areas, systems, or processes that require material improvement, updating or redesign
Review and assist with timely board resolution or senior officer attestation to New York Department of Financial Services

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Our CAMS certified experts will walk you through New York State Department of Financial Services (NYDFS) 504 requirements as they relate to your business.

NYDFS Part 504 Transaction Monitoring & Filtering Program Review

Our Commitment:

NYDFS Part 504 Transaction Monitoring & Filtering Program Review & Training Includes:

Review updated Risk Assessment of the company

Review the Transaction Monitoring Program to ensure it is reasonably designed for the purpose of monitoring transactions after their execution for potential BSA/AML/OFAC violations and suspicious activity reporting

Review Company’s Filtering Program to ensure it is reasonably designed for the purpose of interdicting transactions that are prohibited by OFAC, and which shall include the following attributes, to the extent applicable as required by New York Department of Financial Institutions

Train company on any and all identified areas, systems, or processes that require material improvement, updating or redesign

Review and assist with timely board resolution or senior officer attestation to New York Department of Financial Services

Get A Quote

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NYDFS Part 504 Review

Our CAMS certified experts will walk you through New York State Department of Financial Services (NYDFS) 504 requirements as they relate to your business.

NYDFS Part 504 Transaction Monitoring & Filtering Program Review

Our Commitment:

NYDFS Part 504 Transaction Monitoring & Filtering Program Review & Training Includes:

Review updated Risk Assessment of the company

Review the Transaction Monitoring Program to ensure it is reasonably designed for the purpose of monitoring transactions after their execution for potential BSA/AML/OFAC violations and suspicious activity reporting

Review Company’s Filtering Program to ensure it is reasonably designed for the purpose of interdicting transactions that are prohibited by OFAC, and which shall include the following attributes, to the extent applicable as required by New York Department of Financial Institutions

Train company on any and all identified areas, systems, or processes that require material improvement, updating or redesign

Review and assist with timely board resolution or senior officer attestation to New York Department of Financial Services

Get A Quote

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