Policy Policy Financial Crimes Enforcement Network (FinCEN)· United States · 2026-06-18

FinCEN, Agencies Propose Rule to Implement GENIUS Act Customer Identification Program Requirement

FinCEN, together with the OCC, Federal Reserve, FDIC, and NCUA, issued a joint proposed rule to implement the GENIUS Act requirement that permitted payment stablecoin issuers be treated as financial institutions under the Bank Secrecy Act and maintain customer identification programs. FinCEN seeks public comment and noted a separate FinCEN rulemaking to apply other AML obligations to permitted payment stablecoin issuers.

Action date

2026-06-18

Authority

Financial Crimes Enforcement Network (FinCEN)

Country

United States

Primary source:
https://www.fincen.gov/news/news-releases/fincen-agencies-propose-rule-implement-genius-act-customer-identification ↗

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