Main Street Foundation Center for Regulatory Analysis and Engagement
Main Street Foundation Center for Regulatory Analysis and EngagementSupportAdvocacy
Summary: The Main Street Foundation's Center for Regulatory Analysis and Engagement (CRAE) supports the proposal to align AML/CFT program requirements with FinCEN's modernization efforts to ensure regulatory consistency. They argue that the agencies should prioritize risk-based supervision, maintain clear distinctions between formal legal requirements and informal expectations, and focus examinations on material program effectiveness rather than minor procedural technicalities.
Attached are comments from the Main Street Foundation Center for Regulatory Analysis and Engagement. Since this proceeding is a companion to the FinCEN AML proceeding (Docket #FINCEN-2026-0034), we are including those comments here as well.