FinCEN
Financial Crimes Enforcement Network
📋Role Under the GENIUS Act
FinCEN oversees anti-money laundering (AML) compliance for payment stablecoin issuers. Issuers are treated as 'financial institutions' under the Bank Secrecy Act and must comply with AML/KYC requirements.
✅Key Responsibilities
- •Enforce Bank Secrecy Act compliance for stablecoin issuers
- •Receive and analyze Suspicious Activity Reports (SARs)
- •Coordinate AML innovation pilots with issuers
- •Oversee sanctions compliance
📜Required Rulemakings
3
Total references
1
Sections
2
Rulemakings
2
Deadlines
Bill References by Section
Click a section to expand and see all subsections where FinCEN is mentioned. Click any item to view the full bill text.
Implementation Timeline
+1095 days
(d) .— FinCEN Guidance or Rulemaking
rulemaking+1095 days
(d) .— FinCEN Guidance or Rulemaking
rulemakingAt a Glance
- •3 references across 1 sections
- •2 required rulemakings