Tag: aml_cft
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FinCEN Details Extensive Efforts to Combat Fraud and Modernize Financial Regulations
FinCEN Director Andrea Gacki outlined significant progress in fighting fraud, recovering nearly $2 billion, and modernizing the Bank Secrecy Act regime, including new rules for stablecoins and a whistleblower program, before a House Subcommittee.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingFinancial MarketsLegal FinCENFraudBank Secrecy ActAML/CFTWhistleblower ProgramStablecoinsFinancial RegulationFinancial Crimes Enforcement Network
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OCC Proposes New AML/Sanctions Rules for Stablecoin Issuers
The OCC has proposed new rules for stablecoin issuers, mandating compliance with anti-money laundering and sanctions standards under the GENIUS Act. This creates a supervision framework and requires adherence to BSA, FinCEN, and OFAC regulations.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentEconomyBankingFinancial MarketsComputers and InternetLegal OCCStablecoinsAML/CFTSanctions ComplianceGENIUS ActBank Secrecy ActFinancial Crimes Enforcement NetworkOffice of the Comptroller of the Currency (OCC)