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According to PYMNTS, the U.S. Office of the Comptroller of the Currency (OCC) has issued a proposed rule requiring licensed payment stablecoin issuers (PPSI) under its supervision to comply with the Bank Secrecy Act (BSA), anti-money laundering and counter-terrorism financing (AML/CFT), sanctions compliance, and reporting requirements. The rule will also establish an OCC oversight and enforcement framework for AML/CFT programs of relevant stablecoin issuers and specify a consultation mechanism between the OCC and the Financial Crimes Enforcement Network (FinCEN). PYMNTS states that this rule is part of the effort to promote compliance regulation of stablecoin issuers under the GENIUS Act framework.