NYDFS 504: Analyzing Practical Impacts, Implementation Hurdles and Long-Term Ramifications

  • When: August 15, 2018
  • Time: 12PM – 2PM ET
  • Level: Intermediate, Advanced

The New York Department of Financial Services’ (NYDFS) AML rule (Part 504) requires submission of annual certification of compliance starting in April 2018. As a result, New York-regulated financial institutions have implemented measures to certify the effectiveness of their AML programs including OFAC sanctions screening requirements. Our panel of experts will discuss lessons learned from these efforts and share actual experiences about complying with Part 504, including challenges related to risk model management, technological proficiency, data integrity and suspicious activity reporting.

Learning Objectives

  • Designing end‐to‐end, post‐implementation testing of transaction monitoring and watch list filtering programs
  • Developing policies to ensure risk management regimes of third-party service providers adequately comply with 504 dictates
  • Reviewing institutions’ implementation experiences for lessons learned on topics such as data management, risk assessment and independent testing
  • Discussing the implications of Part 504 with respect to personal liability

Who Should Attend

  • Senior Management
  • Compliance Officers
  • Risk Managers
  • On-boarding Personnel
  • Industry Consultants
  • Legal Advisors


  • Global
  • North America
  • Bank
  • Securities


ACAMS Members Non-Members
$245 $445
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Meryl Lutsky
  • Meryl Lutsky, Esq.

  • Managing Director of Investigations
  • T&M Protection Resources LLC



Maleka Ali
  • Maleka Ali, CAMS-Audit

  • President
  • Arc-Serv, LLC

Kenneth Rudd
  • Kenneth Rudd

  • Partner
  • Zeichner Ellman & Krause LLP