Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements

What it does

The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) are jointly issuing this proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Specifically, it implements the GENIUS Act's directive to treat permitted payment stablecoin issuers (PPSIs) as financial institutions for purposes of the Bank Secrecy Act, proposes anti-money laundering obligations for PPSIs, and proposes certain specific obligations required by the GENIUS Act for PPSIs. It also implements the GENIUS Act's directive to require PPSIs to maintain effective sanctions compliance programs.

The Foreign Assets Control Office's summary, as published in the Federal Register.

What it would change

3 parts of Title 31 of the Code of Federal Regulations:

31 CFR 502, 31 CFR 1010, 31 CFR 1033

Before this

No earlier Federal Register document under regulation identifier 1506-AB73 since Jan. 1, 2025.

What happens next and when

Comments must be received by June 9, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Docket FINCEN-2026-0100 on Regulations.gov
• Title 31 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register