Part 504 Compliance Deadline Fast Approaching for BFSI Firms in New York

This blog was co-authored by Perficient Project Manager: Alicia Lawrence

As a global organization headquartered in St. Louis, Perficient is committed to supporting current and future clients by monitoring federal and state regulations and alerting them of changes that may impact them.  In 2024, Perficient published a blog highlighting insights gathered through continuous monitoring a of the New York State regulations impacting financial services firms:

NYDFS Part 500 Cybersecurity Amendments – What You Need to Know  

This blog highlights key observations and implications of the latest changes to the NYDFS 500 regulations and builds on the previously published blog to inform financial services executives that the NYDFS Part 504 Transaction Monitoring and Filtering Certification is a significant annual regulatory requirement for any institution regulated under New York’s Banking, Insurance or Financial Services Law. The regulation imposes an annual certification on senior officers and board members that their organization’s transaction ...