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From the Editor: Sadly, Things May Only Get Tougher for Compliance Pros in 2016

By Kieran Beer

The potential liability faced by bank professionals, particularly compliance officers, for regulatory violations has been a recurring theme at ACAMS conferences in 2015, and there's no reason to think it will be any less of an issue in 2016. In fact, a proposed rule by the New York State Department of Financial Services (DFS) has upped the anxiety level for a number of already anxious compliance officers. Released on Dec. 1, the proposal would make chief compliance officers annually certify the soundness of their institutions' compliance programs. Financial institutions have just 45 days to comment on the plan - until...

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