OCC Proposes Stablecoin Issuers as Financial Institutions Under Bank Secrecy Act

Stablecoin issuers just got pulled into BSA territory under the GENIUS Act. FinCEN and OFAC have laid out what that actually means, and it's a lot more specific than most compliance teams realize. → Why the compliance officer role now comes with a felony bar written into the rule itself → The $5,000 SAR threshold that's lower than what most teams are used to → The "primary market vs. secondary market" distinction the entire CIP framework hinges on → Why issuers now need the technical ability to block, freeze, and burn tokens on command → What to actually start building before the final rule drops The proposals are detailed enough to build against now, and that's exactly the point. Full read here in the comments below!

Finding the right regulator shouldn't be the hard part. If you're scoping a new market, running due diligence, or mapping licence requirements across jurisdictions, the first hour usually goes on the same question: who actually regulates this activity here? So we built the answer into a single register. 530 financial regulators across 223 countries and territories — central banks, securities and insurance regulators, AML/FIUs and payments authorities — each with its official site, regulator type and licence categories. Filter by region, type or licence category and go straight to the source. Free to use, no sign-up. Explore the register: https://lnkd.in/eUqeZpnT #RegulatoryCompliance #FinTech #AML #Payments #EMI #GlobalExpansion

Most compliance databases label a wallet only after an analyst confirms the exposure, often days after the activity happened. In that window, the wallet keeps transacting, and every counterparty it touches inherits exposure no static list will show yet. Crown enforces a zero-tolerance sanctions policy across its BRLV stablecoin. Zebec screens every payroll and card payment before it settles. Real-time exposure tracing is what makes both possible. See how real-time exposure tracing works → https://buff.ly/qpWrbi5

The FATF’s 2026 typologies refresh raises the bar for AML programs. Institutions must reassess controls around digital assets, beneficial ownership, and cross-border laundering schemes. Our brief highlights practical steps for Tier 1 banks and fintechs to align with evolving expectations. Read more: https://wix.to/pYBYtq4 #AML #FATF #FinancialCrime #Compliance #Fintech #RegulatoryRisk

The #future of #stablecoin #regulation in the U.S. may ultimately be shaped as much in #Albany as in Washington. NYDFS has proposed new Part 202 of the New York Banking Regulations governing Authorized Payment Stablecoin Issuers, aligning New York's existing stablecoin framework with the federal GENIUS Act while preserving state-level supervision. The proposal codifies many of the prudential expectations market participants have come to expect from NYDFS, including: • 100% reserve backing and robust reserve management requirements • Public redemption policies and redemption within two business days • Independent attestations, monthly reserve reporting, and executive certifications • Capital and operational resilience requirements • Enhanced cybersecurity obligations under NYDFS Part 500 • Explicit BSA/AML, sanctions, and compliance program requirements • Regular examination authority and enforcement oversight by NYDFS From a financial crimes and regulatory perspective, the proposal is notable not for introducing a fundamentally new regime, but for formalizing New York's approach and establishing a framework intended to be substantially similar to the federal standards established under the GENIUS Act. As stablecoins continue their transition from emerging technology to regulated financial infrastructure, the proposal reinforces a trend toward prudential supervision, enhanced transparency, and stronger AML/CFT expectations for issuers. The comment period will be worth watching closely, particularly regarding implementation timelines, reserve requirements, and the interplay between federal and state supervisory authorities. #FinancialCrimeCompliance #AML #Sanctions #Stablecoins #DigitalAssets #FinTech #NYDFS #GENIUSAct #RiskManagement #RegulatoryCompliance

Stablecoin issuers are about to inherit a bank's compliance obligations — and most aren't built for it yet. The U.S. Treasury's proposed rule to implement the GENIUS Act's illicit-finance provisions (FinCEN and OFAC, published in the Federal Register on April 10, 2026, docket FINCEN-2026-0100) would fundamentally reset the compliance perimeter for digital-asset payments. For the first time, permitted payment stablecoin issuers (PPSIs) would be classified as financial institutions under the Bank Secrecy Act. What that means in practice: risk-based AML/CFT programs, suspicious activity reporting on primary-market transactions, Travel Rule recordkeeping, an effective sanctions compliance program, and the technical capability to block, freeze, and reject impermissible transactions on demand. The controls banks have spent decades maturing become the baseline price of market access. The comment period closed on June 9, 2026, and both agencies have proposed a 12-month runway between final rules and their effective date. That window looks generous until you consider what "effective" screening, transaction monitoring, and beneficial-ownership analysis actually require to stand up and validate. For compliance teams — at issuers and at the banks, fintechs, and counterparties exposed to them — mapping obligations, sourcing data, and testing controls is a today problem, not a go-live problem. At Briarstone, we read regulatory signals like this as a due-diligence question: do you understand who you're transacting with, and can you prove it? Is your organization treating stablecoin exposure as a compliance risk yet, or still as someone else's problem? #AML #Sanctions #Compliance #Stablecoins #FinancialCrime

What banks keep missing in the $300bn CMLN problem Chinese money laundering networks (CMLNs) are no mystery to the financial crime community, yet the money keeps moving. According to research from Consilient, which recently delved into CMLNs, FinCEN’s recent Financial Trend Analysis identified more than 137,000 Bank Secrecy Act filings between 2020 and 2024, representing over $300bn in suspicious activity linked to these networks. Read the story here: https://lnkd.in/gyZYkGhc #FinTech #RegTech #Complaince

🏦 A bank doesn't need a separate compliance playbook to manage stablecoin risk. By and large, stablecoins map to risk categories you already assess every day. Our new article breaks down how banks should approach stablecoin compliance: https://lnkd.in/exvK99xy

𝗢𝗖𝗖 𝗽𝗿𝗼𝗽𝗼𝘀𝗲𝘀 𝗯𝗮𝗻𝗸-𝗴𝗿𝗮𝗱𝗲 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝗔𝗠𝗟 𝗿𝘂𝗹𝗲𝘀. The draft requires permitted payment stablecoin issuers to build full BSA/OFAC programs — CDD, transaction monitoring, and screening — comparable to national bank standards under the GENIUS Act framework. LexRegPulse Daily — July 6, 2026 #BankingRegulation #BankCompliance #Fintech