Modernizing BSA/AML Compliance: OCC Proposes BSA/AML and Sanctions Compliance Standards for Permitted Payment Stablecoin Issuers Under the GENIUS Act

This alert is a part of a series discussing efforts the federal government is taking to modernize the Bank Secrecy Act. On June 24, 2026, the Office of the Comptroller of the Currency (“OCC”), in coordination with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and the Office of Foreign Assets Control (“OFAC”), published a Notice of Proposed Rulemaking (“NPRM” or “Proposed Rule”) that would impose Bank Secrecy Act/anti-money laundering and countering the…
By: Foley Hoag LLP – White Collar Law &