Comment from Section 2, Inc.
Section 2, Inc.SupportBusiness
Summary: Section 2 Inc., a financial crime intelligence firm, supports the proposed transition to an "outcome-driven standard of effectiveness" for AML/CFT programs. They argue for specific refinements, including allowing automated configuration updates for national priorities, clarifying that network-based behavioral analytics qualify as "reasonably designed," and ensuring that the "establishment" prong of the rule evaluates structural adequacy against criminal network typologies.
Please find attached the formal comment letter from Section 2 Inc. regarding the AML/CFT Program Modernization NPRM.