Regulatory Alerts2026-04-08 | 20260408_33Treasury Proposes Rule to Implement the GENIUS Act's Requirements to Counter Illicit Finance
The U.S. Department of the Treasury's Financial Crimes Enforcement Network and the Office of Foreign Assets Control issued a joint proposed rule to implement the anti-money laundering and sanctions compliance provisions of the GENIUS Act. This regulation requires permitted payment stablecoin issuers to adopt and maintain effective sanctions compliance programs to mitigate illicit finance risks. The proposed framework aims to encourage innovation in payment stablecoins while establishing a tailored regulatory regime for these digital assets.
Release Date
04/08/2026
Press Release Link
Treasury Proposes Rule to Implement the GENIUS Act's Requirements to Counter Illicit Finance
Recent Actions Body
Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network and the Office of Foreign Assets Control issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule, which implements the GENIUS Act's anti-money laundering and sanctions compliance program requirements, encourages innovation in payment stablecoins while providing an appropriately tailored regime to mitigate potential illicit finance risks. The proposed rule would require permitted payment stablecoin issuers to adopt and maintain an effective sanctions compliance program as required by the GENIUS Act. For additional information, please refer to the below: Treasury Press Release Fact Sheet: Proposed Rule to Implement the GENIUS Act's Anti-Money Laundering Obligations and Sanctions Compliance Program Requirements Notice of Proposed Rulemaking: Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements