Reducing the Risks and Costs of Regulatory Compliance

WHITE PAPERS

The Mizen Compliance Culture Diagnostic

Widespread misconduct in multiple sectors from financial services to the motor vehicle industry has resulted in fines running into $billions arising from breaches of OFAC regulations in New York, to LIBOR rigging by European banks, to the distortion of emissions results by global automakers.

DFSNY Rule 504 – Gathering the Evidence

The evidence required to support certification under DFSNY Rule 504 is extensive. This paper highlights some of the considerations involved in collecting and documenting the evidence to confirm the institution’s programs comply with the requirements of the rule. Given that the latest date for submission of the first certification is April 15, 2018, this note is a timely reminder to Boards of Directors and Compliance Officers of affected institutions to address the issue without delay if they have not already done so.