New York State Department of Financial Services Issues Guidance on Cybersecurity, Sanctions, and Virtual Currency Following Escalation of Iran Conflict
Covington – On June 23, 2025, the New York State Department of Financial Services (“NY DFS”) issued guidance to NY DFS-regulated individuals and entities regarding the impact of “ongoing global conflicts” to the financial sector. The NY DFS guidance highlights three key areas of focus: cybersecurity, sanctions, and virtual currency, and may be helpful for organizations across industries globally:
