SIFMA makes recommendations for FinCEN on AML proposal for stablecoin issuers
The Securities Industry and Financial Markets Association (SIFMA) provided feedback to the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) on its recent proposal related to anti-money laundering for stablecoin issuers. Specifically, the feedback is on FinCEN’s proposed anti-money laundering/countering the financing of terrorism (AML/CFT) and sanctions compliance rules for permitted payment stablecoin issuers (PPSIs) under the Guiding and Establishin...
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