GENIUS Act: Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance: Notice of Proposed Rulemaking - Office of the Comptroller of the Currency (OCC) (.gov)
The OCC issued a Notice of Proposed Rulemaking under the GENIUS Act to strengthen AML/CFT and sanctions compliance for money services businesses, including those dealing with virtual currencies.
Aforeworn detected this change in the Money Services & Money Transmitters space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Money transmitters, MSBs, crypto/virtual-currency firms, payment processors, remittance providers, fintech wallets should confirm how it applies to their specific situation before acting. There is a time constraint attached: Comment period ends 60 days from publication in Federal Register (exact date TBD).. 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
Proposed rule expands AML/CFT obligations, including enhanced due diligence, beneficial ownership reporting, and travel rule compliance for stablecoin and virtual currency transactions.
Who it affects
Money transmitters, MSBs, crypto/virtual-currency firms, payment processors, remittance providers, fintech wallets
What you must do
Review and comment on the proposed rule within the comment period; begin assessing gaps in current compliance programs.
Deadline
Comment period ends 60 days from publication in Federal Register (exact date TBD).
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- RIAs face day-one AML scrutiny under new FinCEN rule - FinTech Global
- Fed Proposes AML Rules for Stablecoin Issuers - PaymentsJournal
- Customer Identification Requirements Proposed for Payment Stablecoin Issuers - The National Law Review
- New York regulator proposes stablecoin rule to align with federal GENIUS Act, adds reserve limits - The Block
- NYDFS previews proposed stablecoin rules aligning with GENIUS Act - JD Supra