FDIC proposes BSA and sanctions standards for supervised PPSIs

• The FDIC Board approved a notice of proposed rulemaking for BSA and sanctions standards for FDIC-supervised PPSIs.
• The proposal covers PPSIs that are subsidiaries of insured state nonmember banks or state savings associations approved by the FDIC.
• Covered issuers would need AML/CFT, economic-sanctions, and reporting compliance aligned with applicable FinCEN and OFAC requirements.
• The proposal also creates FDIC supervision and enforcement provisions for PPSI AML/CFT programs.
• The Federal Register notice sets an August 4, 2026 comment deadline.

This is the compliance half of the FDIC stablecoin lane. For bank-affiliated issuers, GENIUS Act approval is not only about reserve assets and issuer structure. The FDIC proposal makes AML/CFT and sanctions controls part of the operating license for payment stablecoins supervised by the agency.

1. May 22, 2026

   FDIC published the financial institution letter announcing the proposed rulemaking.

2. June 5, 2026

   Federal Register published the proposed rule.

3. August 4, 2026

   Comments are due to the FDIC.

This event appears in Policy & Tax Treatment because 2 public sources support the summary. TxFlows classifies the evidence as regulator and proposed rule, with a primary source trust tier. Publisher links are shown only when the URL is safe to expose.

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