FinCEN and U.S. regulators propose a rule under the GENIUS Act establishing a Customer Identification Program (CIP) for permitted payment stablecoin issuers, requiring bank-like KYC standards under the BSA

by | Jun 18, 2026

The proposed rule would require permitted payment stablecoin issuers to establish written Customer Identification Programs that collect and verify identifying information, maintain records, and check customers against government lists. It forms part of wider GENIUS...

US Treasury proposes a rule to subject permitted payment stablecoin issuers to Bank Secrecy Act AML/CFT and sanctions obligations, bringing them within the core U.S. financial crime regulatory framework

by | Apr 10, 2026

The proposal requires issuers to implement risk-based AML/CFT programmes, including customer due diligence, suspicious activity reporting, independent testing, and designated compliance officers. It also mandates comprehensive sanctions compliance capabilities—such as...