New York’s financial watchdog has issued new guidance on cybersecurity risks connected to third-party service providers. The guidance, announced Tuesday (Oct. 21) by the New York State Department of Financial Services (DFS), comes as organizations become increasingly dependent on such providers, and cyberattacks involving third-party...
The New York State Department of Financial Services (DFS) released updated guidance for virtual currency customer protections Tuesday (Sept. 30), saying the update reflects the growing demand for virtual currency custodial services. The new guidance, which supersedes one issued in January 2023, reiterates sound custody...
Banking institutions that aim to get involved in activities related to virtual currencies should consider adopting blockchain analytics tools for additional risk management capabilities, New York State Department of Financial Services Superintendent Adrienne A. Harris said Wednesday (Sept. 17). Blockchain analytics tools can enhance banking...
Block will pay a $40 million penalty over anti-money laundering deficiencies in its Cash App. The New York Department of Financial Services (NYDFS) announced the penalty Thursday (April 10), saying it came after the regulator found “significant failures” in Block’s Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program. “All financial institutions, whether...
May 14, 2026
Last year, Western Union announced plans to purchase money transfer service International Money Express (Intermex). That $500 million deal is now facing pushback from New York City Mayor Zohran Mamdami, who argues the acquisition would put financial pressure on the city’s immigrants. “Every month, thousands of working class New Yorkers use Western Union to send […]
October 21, 2025
New York’s financial watchdog has issued new guidance on cybersecurity risks connected to third-party service providers. The guidance, announced Tuesday (Oct. 21) by the New York State Department of Financial...
September 30, 2025
The New York State Department of Financial Services (DFS) released updated guidance for virtual currency customer protections Tuesday (Sept. 30), saying the update reflects the growing demand for virtual currency...
September 17, 2025
Banking institutions that aim to get involved in activities related to virtual currencies should consider adopting blockchain analytics tools for additional risk management capabilities, New York State Department of Financial...