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

Foley Hoag LLP published an alert (August 19, 2026) by Adam Safwat, Andrew Fishman, and Joshua Nacht discussing the OCC's proposed BSA/AML and sanctions compliance standards for permitted payment stablecoin issuers under the GENIUS Act. The alert is part of a series examining federal government efforts to modernize the Bank Secrecy Act, and the firm states it will continue to track and discuss further developments. The piece is categorized under compliance, money laundering, regulations and guidance, cryptocurrency, and OFAC topics.