Comment from Proof.com
Proof.comSupportBusiness
Summary: Proof, a digital identity and transaction security platform, supports the proposed rule and encourages FinCEN to explicitly allow financial institutions to use verifiable digital credentials (VDCs) to meet AML/CFT requirements. They argue that VDCs provide a secure, efficient, and privacy-enhancing way to verify identities and customer characteristics while reducing the risk of fraud and data breaches.
Please see the attached comment.
Sincerely,
James Fulgenzi
Head of Public Policy, Proof