Comment from GeoComply
GeoComplySupportAdvocacy
Summary: GeoComply Solutions Inc. supports the proposed rule but argues that it is insufficient because it does not explicitly require PPSIs to account for location-obfuscating technologies like VPNs. The company advocates for the inclusion of prescriptive language requiring multi-source geolocation technology (GPS, Wi-Fi, and cellular data) to ensure effective sanctions compliance and AML/CFT controls.
On behalf of GeoComply, please see our comments in the attached file, thank you.