Comment from Coalition for Financial Ecosystem Standards
Coalition for Financial Ecosystem StandardsSupportAdvocacy
Summary: The Coalition for Financial Ecosystem Standards (CFES), an organization representing fintechs, digital asset entities, and community banks, supports the proposed rule's shift toward effectiveness-based AML/CFT programs. They argue for the formal recognition of industry-led standards and credentialed third-party assessors to provide objective, scalable, and cost-effective compliance benchmarks.
To FinCEN's Regulatory and Strategic Affairs Division, please find attached the comment letter from the Coalition of Financial Ecosystem Standards (CFES). Thank you.