OCCBSA / AMLJune 24, 2026

OCC Proposes BSA/AML and Sanctions Rules for Payment Stablecoin Issuers

The OCC, in coordination with FinCEN and OFAC, has proposed regulations implementing BSA/AML and sanctions compliance requirements specifically for permitted payment stablecoin issuers under its jurisdiction, as required by the GENIUS Act. This is a landmark proposal that will establish formal AML program, KYC, and sanctions screening obligations for federally supervised stablecoin issuers. Compliance officers at stablecoin issuers and banks exploring stablecoin activities should treat this as a top-priority rulemaking.

What to do

Review the proposed rule in full, map your existing BSA/AML and sanctions compliance program against the proposed requirements for stablecoin issuers, and prepare a comment letter identifying gaps or implementation challenges.

Who this affects

Bank / Credit UnionTrust CompanyPayments CompanyMoney Services BusinessOther

Does this affect your program?

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Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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