OCCBSA / AMLJune 22, 2026

OCC Proposes BSA/AML and Sanctions Rules for Stablecoin Issuers Under GENIUS Act

The OCC has issued a proposed rulemaking to establish Bank Secrecy Act and sanctions compliance requirements specifically for OCC-supervised permitted payment stablecoin issuers (PPSIs), as mandated by the newly enacted GENIUS Act. This is a landmark development because it creates a dedicated AML/CFT and sanctions compliance framework for federally supervised stablecoin issuers for the first time. Any firm considering or currently operating as a payment stablecoin issuer under OCC oversight must prepare to meet these new BSA and OFAC compliance standards.

What to do

Review the OCC's proposed rule text in full, assess whether your firm qualifies as a PPSI under the GENIUS Act, and submit comments during the notice-and-comment period while beginning a gap analysis of your current BSA/AML and sanctions programs against the proposed requirements.

Who this affects

Bank / Credit UnionTrust CompanyPayments CompanyMoney Services BusinessOther

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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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