During the 2022 Federal Identity Forum & Exposition on Sept. 7, FinCEN acting Deputing Director Jimmy Kirby emphasized the importance of securing digital identity as “fundamental to the effectiveness” of every financial institution’s anti-money laundering/countering the financing of terrorism (AML/CFT) program.

Read on for details and analysis of his remarks and proactive steps financial institutions can take to build secure, privacy-preserving digital identity solutions.