New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 115. Anti-Money Laundering Programs for Applications for Charters, Acquisitions and Mergers and Changes of Control |
Sec. 115.3. Merger, purchase and assumption, acquisition and change of control applications
Latest version.
- All applications for approval by the department to merge with, purchase and/or assume, or acquire control (as defined in the applicable provisions of the Banking Law) of, any bank or trust company, savings bank, savings and loan association, investment company, safe deposit company or credit union shall be accompanied by information demonstrating that the applicant has or will have an anti-money laundering program that satisfies the requirements set forth in section 115.1 of this Part.