Notice of Proposed Rulemaking to Establish Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers | FDIC.gov
The update directly regulates payment stablecoin issuers that are subsidiaries of FDIC-supervised insured banks, making them digital asset issuers operating within a banking regulatory framework.
Mandatory inheritance: Digital Assets triggers automatic co-tagging of Investment Services as the parent category for all asset-level products.
Specialism
The proposed rule directly establishes AML/CTF compliance standards and sanctions obligations for payment stablecoin issuers under FinCEN and OFAC frameworks, which are core Anti-Money Laundering/Counter-Terrorism Financing regulatory requirements.
Mandatory inheritance: AML/CTF is a child of Financial Crime, so Financial Crime must be raised as the secondary tag.
2026-05-26 14:01:35·ataylor@vixio.com
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The FDIC Board of Directors approved a notice of proposed rulemaking that would implement appropriate Bank Secrecy Act (BSA) and sanctions compliance standards
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TITLE: Federal Deposit Insurance Corporation Proposes Bank Secrecy Act and Sanctions Compliance Standards for Payment Stablecoin Issuers
BODY:
On May 22, 2026, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking establishing Bank Secrecy Act (BSA) and sanctions compliance standards for FDIC-supervised permitted payment stablecoin issuers (PPSIs). The proposed rule implements requirements under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
The FDIC serves as the primary federal payment stablecoin regulator for PPSIs that are subsidiaries of insured State nonmember banks and State savings associations approved by the FDIC to issue payment stablecoins. The proposed rule requires PPSIs to comply with applicable anti-money laundering and counter-terrorism financing (AML/CTF) regulations, economic sanctions programs, and reporting requirements established by the Department of Treasury's Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). The rule establishes supervision and enforcement provisions for PPSI AML/CTF programs, aligning them with FinCEN requirements. These standards apply to all FDIC-supervised financial institutions.
The proposed rule addresses compliance obligations for payment stablecoin issuers operating under federal oversight, ensuring consistency with existing anti-money laundering and sanctions frameworks. This development reflects the regulatory framework established by the GENIUS Act to govern stablecoin issuance by FDIC-supervised institutions.
The FDIC will accept comments on the proposed rule for 60 days following publication in the Federal Register. Interested parties, including financial institutions, stablecoin issuers, and compliance professionals, should submit responses during this period to inform the final rulemaking.
REFERENCES:
Federal Deposit Insurance Corporation. Notice of Proposed Rulemaking to Establish Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers. May 22, 2026. Available at: https://www.fdic.gov/news/news-releases/2026/pr26058.html
Notice of Proposed Rulemaking to Establish Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers | FDIC.gov Skip to main content An official website of the United States government The .gov means it’s official. Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site. The site is secure. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Cambiar a español Search FDIC.gov Search Notice of Proposed Rulemaking to Establish Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers Laws and Regulations May 22, 2026 Share on Facebook Share on X Share on X Follow the FDIC on LinkedIn Share through email Print Summary: The FDIC Board of Directors approved a notice of proposed rulemaking that would implement appropriate Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers (PPSIs) pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions. Highlights: The FDIC is the primary Federal payment stablecoin regulator of PPSIs that are subsidiaries of insured State nonmember banks and State savings associations that have been approved by the FDIC to issue payment stablecoins. To implement BSA and sanctions compliance standards as required by the GENIUS Act, the proposed rule would require a PPSI to comply with any applicable regulations regarding anti-money laundering/countering the financing of terrorism (AML/CFT), economic sanctions program, and reporting requirements, including requirements promulgated by the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control. The proposed rule would also establish supervision and enforcement provisions for PPSI AML/CFT programs, in alignment with FinCEN requirements. Comments on the proposed rule will be accepted for 60 days after publication in the Federal Register . FIL-24-2026 Attachment(s) Notice of Proposed Rulemaking to Establish Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions; Extension of Comment Period Related Topics Bank Secrecy Act Digital Assets Contact(s) Division of Risk Management Supervision Legal Division CISR Policy Last Updated: May 22, 2026