On April 8, 2026, the US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and Office of Foreign Assets Control (“OFAC”) issued a joint Notice of Proposed Rulemaking (the “Proposed Rule”) to implement the anti-money laundering (“AML”) and sanctions compliance provisions of the Guiding and Establishing National Innovation for US Stablecoins Act (the “GENIUS Act”) for permitted payment stablecoin issuers (“PPSIs”)….
By: Mayer Brown
By: Mayer Brown
