meta_id 3259354

On June 22, 2026, the Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking to implement anti-money laundering and countering the financing of terrorism (AML/CFT) and sanctions compliance standards for OCC-supervised permitted payment stablecoin issuers (PPSI), as required by the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule would require OCC-supervised PPSIs to comply with the Bank Secrecy Act (BSA), sections 4(a)(5) and 4(a)(6)(B) of the GENIUS Act, and applicable regulations issued by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control. The OCC would establish a supervision and enforcement framework for OCC-supervised PPSIs' AML/CFT programs and create a framework for consultation between the OCC and FinCEN when the OCC intends to initiate an AML/CFT enforcement action or significant AML/CFT supervisory action. The proposed rule would also permit PPSIs to share with the FinCEN Director certain nonpublic OCC information relating to an existing or potential AML/CFT enforcement action or significant AML/CFT supervisory action. The proposed rule applies to federal qualified payment stablecoin issuers and state qualified payment stablecoin issuers for which the OCC has regulatory or enforcement authority pursuant to the GENIUS Act. The OCC seeks comment on all provisions of the proposed rule and aspects of the proposed regulatory framework. The comment period ends 30 days after publication in the Federal Register. Further information can be obtained by contacting Ji Cheon, Assistant Director; Henry Barkhausen, Counsel; or Melissa Lisenbee, Counsel, Chief Counsel's Office, at (202) 649-5490.