New York state loosens rule on anti-money laundering protocols

US banks will no longer be required to certify their firms' anti-money laundering protocols after New York state loosened rules earlier this week.

By Evan Weinberger (June 30, 2016, 9:46 PM EDT) -- Bank compliance officers are breathing a little easier now that New York state will not require them to certify their firms' anti-money laundering protocols under a final rule released Thursday, but attorneys think the state's past aggressive enforcement actions should keep those executives on guard....

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