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ARTICLE · 22 MAY 2026

FDIC Proposes AML And Sanctions Standards For Stablecoin Issuers

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On May 22, the FDIC approved a proposed rule establishing Bank Secrecy Act (BSA) and sanctions compliance standards for certain FDIC-supervised permitted payment stablecoin issuers (PPSIs) under the GENIUS Act.

United StatesFinance and Banking
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
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On May 22, the FDIC approved a proposed rule establishing Bank Secrecy Act (BSA) and sanctions compliance standards for certain FDIC-supervised permitted payment stablecoin issuers (PPSIs) under the GENIUS Act. The proposal would apply to PPSIs that are subsidiaries of insured state nonmember banks and state savings associations supervised by the FDIC.

The proposal would integrate stablecoin issuers into existing federal anti-money laundering and sanctions compliance frameworks. Specifically, the proposed rule would:

  • Require compliance with AML/CFT requirements. PPSIs would be required to comply with applicable anti-money laundering and countering the financing of terrorism requirements, including regulations issued by FinCEN.

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