Premier Banking Law News and Insights

On February 23, the New York Department of Financial Services (DFS) issued four additional frequently asked questions and responses (FAQs) relating to its new cybersecurity regulation (Part 500).1 Part 500, several provisions of which became effective on March 1, 2017, has garnered widespread attention from banks, insurance companies and other financial...

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Alternative investment research and management firm Altegris and alternative investment technology firm Artivest announced plans to merge under the name Artivest, pending customary corporate and regulatory closing conditions. Upon closing, the combined company would manage more than $3 billion in client capital, making it one of the largest pure independent...

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Certain individuals who have only signature authority over foreign financial accounts now have until April 15, 2019 to file the Report of Foreign Bank and Financial Accounts. On December 22, 2017, the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) released Notice 2017-1, which states that certain persons...

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