Tag: bank_secrecy_act

FinCEN Proposes Rule for Stablecoin Customer Identification Programs

18 Jun 2026 9:21 a.m. · Source: Financial Crimes Enforcement Network

FinCEN and other agencies have proposed a new rule under the GENIUS Act. It mandates customer identification programs for stablecoin issuers, treating them as financial institutions to combat illicit finance and protect U.S. financial security.

Politics and Government Business Law Enforcement Federal Government Economy Banking Legal Financial Markets FinCEN GENIUS Act Stablecoins Customer Identification Program Financial Regulation Bank Secrecy Act U.S. Department of the Treasury Financial Crimes Enforcement Network
OCC Releases May 2026 Enforcement Actions, Citing BSA/AML Failures and Fraud

21 May 2026 11:45 a.m. · Source: Office of the Comptroller of the Currency (OCC)

The OCC announced May 2026 enforcement actions, including a consent order for Community Federal Savings Bank over BSA/AML deficiencies and a prohibition order against a former JP Morgan Chase associate for unauthorized withdrawals. Several previous actions were also terminated.

Business Politics and Government Law Enforcement Federal Government Banking Legal Office of the Comptroller of the Currency Enforcement Actions Financial Regulation Bank Secrecy Act Anti-Money Laundering Fraud Office of the Comptroller of the Currency (OCC)