American Fintech Council
American Fintech CouncilSupportAdvocacy
Summary: The American Fintech Council (AFC) supports the Agencies' efforts to modernize AML/CFT supervision by moving toward a risk-based, outcomes-oriented framework. They argue for regulatory flexibility that allows institutions to tailor compliance to their specific risk profiles, leverage existing infrastructure to avoid duplicative costs, and adopt innovative technologies like artificial intelligence to improve detection effectiveness.
See attached file(s)