Thomas Bock, executive managing director of the Anti-Money Laundering (AML) and Regulatory Compliance practice at K2 Intelligence, discusses the magnitude of the new AML regulations proposed by New York’s Department of Financial Services for financial institutions in the December 8 issue of Compliance Week. In the article “AML Regulations in NY Force CCOs to Rethink Everything,” Tom comments on the threat of personal liability for compliance officers. According to Tom, “With the volume and flow of funds going through New York amounting to trillions of dollars each day, it is asking a lot to say you looked at every single transaction and had everything in place to find every single problem.”

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