Can you summarize 23 NYCRR 200.7?

Short Summary

(a) Generally. Each licensee is required to comply with all applicable Federal and State laws, rules, and regulations. (b) Compliance officer. Each licensee shall designate a qualified individual or individuals responsible for coordinating and monitoring compliance with this Part and all other applicable Federal and State laws, rules, and regulations. (c) Compliance policy. Each licensee shall maintain and enforce written compliance policies, including policies with respect to anti-fraud, anti-money laundering, cyber security, privacy and information security, and any other policy required under this Part, which must be reviewed and approved by the licensees board of directors or an equivalent governing body. 23 CRR-NY 200.7

Jurisdiction

New York

Source

• AML