OFACSanctions / OFACApril 10, 2026

OFAC Proposes Sanctions Compliance Requirements for Payment Stablecoin Issuers

As part of the joint FinCEN/OFAC rulemaking under the GENIUS Act, OFAC is proposing that permitted payment stablecoin issuers (PPSIs) be required to maintain formal sanctions compliance programs, mirroring obligations already applicable to banks and MSBs. Stablecoin issuers that lack dedicated OFAC screening and compliance infrastructure will need to build these capabilities before the rule is finalized. This is a companion notice to the FinCEN stablecoin AML proposed rule and should be reviewed together with it.

What to do

Assess your current OFAC sanctions screening program against the proposed requirements for PPSIs and engage legal counsel to evaluate whether your stablecoin activities qualify you as a PPSI subject to these obligations.

Who this affects

Crypto ExchangeCrypto CustodianWallet ProviderPayments CompanyFintech / NeobankOther

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Source

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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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