Comment from Financial Services Institute (FSI)
Financial Services InstituteSupportAdvocacy
Summary: The Financial Services Institute (FSI), representing independent financial services firms, supports FinCEN's proposal to modernize AML/CFT requirements toward an outcomes-based, risk-based framework. They advocate for clear and stable regulatory standards, the consistent application of these principles across all regulatory agencies, and an extension of the compliance period to 24 months.
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