|
FINANCIAL INSTITUTION LETTER | MAY 22, 2026 |
|
Summary:
The FDIC Board of Directors approved a notice of proposed rulemaking that would implement appropriate Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers (PPSIs) pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
|
|
Statement of Applicability:
This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions.
|
|
Distribution:
FDIC-Supervised Institutions
|
|
|
The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe.
|
|
|
|
