Gate News message: On April 9, according to CoinDesk, the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury and the Office of Foreign Assets Control (OFAC) plan to jointly issue new rules requiring stablecoin issuers to establish comprehensive anti–money laundering and sanctions compliance systems. Under the new rules, issuers must freeze, intercept, and refuse suspicious transactions, and comply with the relevant requirements of the Bank Secrecy Act. The rule emphasizes a risk- and outcomes-oriented approach, and says that institutions with well-established compliance programs can typically reduce enforcement risk. This move is intended to advance the implementation of the GENIUS Act, which is expected to fully take effect in 2027.
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