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GENIUS Act: Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance: Notice of Proposed Rulemaking - Office of the Comptroller of the Currency (OCC) (.gov)

Detected July 6, 2026 · in Money Services & Money Transmitters

The OCC issued a Notice of Proposed Rulemaking under the GENIUS Act to strengthen AML/CFT and sanctions compliance for money services businesses, including those dealing with virtual currencies.

Aforeworn detected this change in the Money Services & Money Transmitters space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Money transmitters, MSBs, crypto/virtual-currency firms, payment processors, remittance providers, fintech wallets should confirm how it applies to their specific situation before acting. There is a time constraint attached: Comment period ends 60 days from publication in Federal Register (exact date TBD).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Money Services & Money Transmitters continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.

What changed

Proposed rule expands AML/CFT obligations, including enhanced due diligence, beneficial ownership reporting, and travel rule compliance for stablecoin and virtual currency transactions.

Who it affects

Money transmitters, MSBs, crypto/virtual-currency firms, payment processors, remittance providers, fintech wallets

What you must do

Review and comment on the proposed rule within the comment period; begin assessing gaps in current compliance programs.

Deadline

Comment period ends 60 days from publication in Federal Register (exact date TBD).

Source: https://news.google.com/rss/articles/CBMie0FVX3lxTE5USXBGUVhmY1ZfcUNaNUJmZnVKZ1NmYWRZZ04xek1OMXNTMzlxZnRiMHZNb3ZadENxX0x6VjEyMFgyYzJPNk5VSWJ4YXZYY1JGWWFHaWhQNW9OdnZ4SUd4NnNLcnhocmVEYUtsNVZqUWFuOEI2R1dTcVB2UQ?oc=5

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