Imposition of Special Measure Prohibiting the Transmittal of Funds Involving PM2BTC
FinCEN prohibits transmittal of funds involving PM2BTC under the Combating Russian Money Laundering Act. All U.S. money transmitters, MSBs, and crypto firms must block any transactions linked to PM2BTC.
Aforeworn detected this change in the Money Services & Money Transmitters space on July 30, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Critical. All U.S. money transmitters, money services businesses (MSBs), crypto/virtual-currency firms, remittance providers, and fintech wallets subject to FinCEN regulations. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Effective immediately upon publication (October 11, 2024). No grace period specified.. 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
FinCEN issued a special measure prohibiting the transmittal of funds involving PM2BTC, effective immediately upon publication in the Federal Register (October 11, 2024).
Who it affects
All U.S. money transmitters, money services businesses (MSBs), crypto/virtual-currency firms, remittance providers, and fintech wallets subject to FinCEN regulations.
What you must do
Identify and block any funds transmittals involving PM2BTC; implement screening and compliance controls to prevent prohibited transactions.
Deadline
Effective immediately upon publication (October 11, 2024). No grace period specified.
Never miss a change like this again
Aforeworn watches Money Services & Money Transmitters around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
Start your free trialRelated changes in Money Services & Money Transmitters
- Prohibited Terms and Conditions in Agreements for Consumer Financial Products or Services (Regulation AA)
- Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Proposed Rescission
- Authority of States To Enforce the Consumer Financial Protection Act of 2010; Rescission
- Electronic Fund Transfers Through Accounts Established Primarily for Personal, Family, or Household Purposes Using Emerging Payment Mechanisms; Withdrawal
- Guidance on Referrals for Potential Criminal Enforcement