![NY Proposes Tough AML Rules that Put Compliance Officers Personally on the Hook](http://www.riskinbox.com/wp-content/uploads/2015/12/Screen-Shot-2015-12-02-at-8.49.45-AM.png)
NY Proposes Tough AML Rules that Put Compliance Officers Personally on the Hook
Chief compliance officers would have to personally certify that an institution maintains an effective anti-money-laundering program. Incorrect or false certifications could open the door to criminal charges levied personally at the compliance officer. The hot seat is about to get hotter. [12/2/15]