NYDFS ANNOUNCES STRENGTHENED CRYPTO TRACING TO ENFORCE RUSSIAN SANCTIONS

According to NYDFS:  “As part of DFS’s work to become a leading, data-driven regulator of the global financial services sector, the Department has been assessing a number of technology tools and service providers to augment current supervisory capabilities. Accelerating the procurement process is a critical step to strengthen the Department’s ability to enforce anti-money laundering and Bank Secrecy Act laws in this immediate crisis and beyond.”   Press release here:   https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20220302

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