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Medium urgency

Modernizing BSA/AML Compliance: OCC Proposes BSA/AML and Sanctions Compliance Standards for Permitted Payment Stablecoin Issuers Under the GENIUS Act - Foley Hoag

Detected August 19, 2026 · in Money Services & Money Transmitters

The OCC has proposed new BSA/AML and sanctions compliance standards for permitted payment stablecoin issuers under the GENIUS Act, signaling upcoming regulatory changes for stablecoin-related money services businesses.

Aforeworn detected this change in the Money Services & Money Transmitters space on August 19, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Payment stablecoin issuers and money services businesses involved in stablecoin transactions, including crypto/virtual-currency firms, payment processors, and fintech wallets. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Not specified in the provided text.. 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

The OCC has proposed new BSA/AML and sanctions compliance standards specifically for permitted payment stablecoin issuers under the GENIUS Act, which will likely impose additional compliance obligations.

Who it affects

Payment stablecoin issuers and money services businesses involved in stablecoin transactions, including crypto/virtual-currency firms, payment processors, and fintech wallets.

What you must do

Monitor the proposal's progress and prepare to adjust BSA/AML and sanctions compliance programs to meet the new standards once finalized.

Deadline

Not specified in the provided text.

Source: https://news.google.com/rss/articles/CBMinwJBVV95cUxQdlF2VWpTOGQtamc0dHlINVl4c0Q2UUZFWGV1d05PaW92dHFFb1BGTDQxekoySnp1d1RBVm96XzJySXowS0xsaFZHaUNjWnFDaGVmcWVrSnFoMmMwOXpMbldCa1d3ZnJHRHZ5NFRHSmgyaTV5M1U0NF82cER4VTZWQzlKNzVkcFFXTVVqaFNNa0x0R19MYW1TbTVaRTVTWW9EOVVwRUlYbzJZQld0QXAyRjdHRUhmQWV6ZTFRc0R5bFRTR0NYYlBXdzBlejZOTDRXLVJwci0tTnhXWDN6ZEdKMFdZVE1PTTNORV9maHJfbFNfZ1BlRTZXcjVCeVRWandiYXM2eGVYa1FwSkZSUmVwWlFyMjFVallhb2FlQlBVaw?oc=5

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