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Accelerator · Documentation

GENIUS Act Stablecoin Compliance Accelerator: Regulatory Cross-Reference

Every rule traced to the provision it implements, and every provision traced back to the rules that implement it.

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Every rule in the graph belongs to a named rule family, every family traces to a requirement in the register below, and every requirement carries the authority it rests on, labelled FINAL LAW, PROPOSED, GUIDANCE or HOUSE POLICY. This document holds that provenance in one place: the requirements register (113 entries), Direction 1 (every source and the rules that implement it), Direction 2 (every rule family, its requirement and its authority), and the source verification notes recording what was confirmed against the live public sources on 14 September 2026. Rule names are verbatim from graph.xml (427 rules, each occurring exactly once).

Requirements register

This register lists every requirement the graph implements, with the regulatory anchor for each. Every citation was checked against the live public sources on 14 September 2026; the source verification notes at the end of this document record what was confirmed.

Authority-status discipline (carried into evidence text): FINAL LAW / PROPOSED / GUIDANCE / HOUSE POLICY. House numerics cite the board-approved Risk Appetite Statement, never a regulation.

A. Era / effective-date machinery (GENIUS Act sec. 20; Pub. L. 119-27)

  • R-ERA-1: Effective date = earlier of 18 months after enactment (2027-01-18) or 120 days after final implementing regulations issue; parameterised via has finals issuance date (inject-only).
  • R-ERA-2: Era 1 Pre-Effective (< effective date) — GENIUS prohibitions not operative; BSA/OFAC baseline continues.
  • R-ERA-3: Era 2 Effective (effective date ≤ eval < 2028-07-18) — issuer duties + sec 3(b)(2) foreign lawful-order condition operative.
  • R-ERA-4: Era 3 DASP Prohibition (eval ≥ 2028-07-18, 3 years after enactment, no extension authority) — DASPs may not offer/sell non-permitted payment stablecoins.

B. Coin permission status (sec. 3, sec. 18 foreign regime)

  • R-COIN-1: Federal-qualified PPSI coin → Permitted Federal Issuer.
  • R-COIN-2: State-qualified PPSI coin → Permitted State Issuer.
  • R-COIN-3: Application pending → Not Permitted Pending Application.
  • R-COIN-4: No issuer permitting record on registry feed → Not Permitted Unknown Issuer (escalate).
  • R-COIN-5: Foreign issuer qualifies only on ALL conjuncts: Treasury comparability determination + OCC registration + US-held reserves + not domiciled/regulated in comprehensively sanctioned or primary-money-laundering-concern country → Foreign Qualifying Exception.
  • R-COIN-6: Foreign issuer failing any conjunct → Not Permitted Foreign (one rule per failed conjunct).
  • R-COIN-7: Split domicile/regulating country → Statutorily Unaddressed Refer Out (statute tests a single country conjunctively; refer to legal).
  • R-COIN-8: Comparability rescission → 90-day wind-down safe harbour for DASPs (Foreign Determination Rescinded Wind Down while window runs).
  • R-COIN-9: Precedence ladder most-restrictive-wins; exactly one permission status.

C. Section 8-style foreign issuer noncompliance machinery (model's "sec8" state machine)

  • R-SEC8-1: No notice on record → No Sec8 Action.
  • R-SEC8-2: Notice served, 30-day cure running → Notice Served Cure Running.
  • R-SEC8-3: Cure lapsed without FR publication → Cure Lapsed.
  • R-SEC8-4: FR publication + 30 days → ban effective date; before it → Ban Pending Effective.
  • R-SEC8-5: On/after ban effective date, no waiver/restoration → Ban Active (secondary trading ban).
  • R-SEC8-6: Waiver on record → Waiver In Force (outranks ban).
  • R-SEC8-7: Compliance restored after ban → Ban Lifted Compliance Restored.
  • R-SEC8-8: Ladder: relief states outrank ban; exactly one state.

D. Acceptance determination (coin × institution × era)

  • R-ACC-1: Era 3 + DASP + non-permitted coin → Must Not Accept Statutory (sec. 3(b)(1) analogue).
  • R-ACC-2: Era 2/3 + DASP + foreign issuer lacking lawful-order capability → Must Not Accept Statutory (sec. 3(b)(2) analogue).
  • R-ACC-3: Secondary trading ban active → Must Not Accept Statutory.
  • R-ACC-4: House policy declines pending applicants (HOUSE POLICY, cf 97).
  • R-ACC-5: House policy declines non-permitted foreign pre-prohibition unless house opted in.
  • R-ACC-6: House opted in + lawful-order-capable + Era 1/2 → May Accept Prohibition Scheduled.
  • R-ACC-7: Wind-down window → May Accept Wind Down.
  • R-ACC-8: Permitted/qualifying coin → May Accept.
  • R-ACC-9: Fail-safe default deny (Must Not Accept House Policy cf 90) when no affirmative ground, except unknown-issuer/refer-out coins which route to escalation.
  • R-ACC-10: Acceptance policy narrative lines incl. era-1 readiness, sec8 primary/secondary split, scheduled-prohibition, refer-out narratives.
  • R-ACC-11: Marketing warning — marketing a non-permitted coin as a payment stablecoin once the Act is effective is unlawful (sec. 4(e); $500k knowing-violation penalty), distinct from processing.

E. Wallet sanctions exposure tiers

Regulatory floor (Prohibited Counterparty, FINAL LAW / GUIDANCE):

  • R-WAL-1: SDN-listed digital currency address.
  • R-WAL-2: Wallet controlled by listed person.
  • R-WAL-3: OFAC 50 Percent Rule ownership attribution (Aug 2014 revised guidance).
  • R-WAL-4: Believed SDN-associated though not listed (OFAC FAQ 562).
  • R-WAL-5: Section 311 special-measure counterparty (incl. successors).
  • R-WAL-6: Direct receipt from SDN-listed mixer (sanctions branch, not AML tier).
  • R-WAL-7: Geolocated/IP-resolved in comprehensively sanctioned jurisdiction (OFAC VC guidance; Kraken 2022 enforcement analogue).
  • R-WAL-8: Unsolicited dusting receipt from sanctioned source → still Prohibited (blocking applies); dusting classification (< house nominal amount) relaxes report timing only. House appetite tiers (HOUSE POLICY):
  • R-WAL-9: Direct or in-depth indirect cluster exposure ≥ hold threshold → Severe Exposure.
  • R-WAL-10: Indirect SDN-mixer exposure ≥ hold threshold → Severe Exposure.
  • R-WAL-11: Exposure ≥ review floor / unlisted-mixer exposure ≥ appetite threshold / monitored jurisdiction → Elevated Exposure.
  • R-WAL-12: Unlisted-mixer exposure below threshold or unverified ownership → Watch.
  • R-WAL-13: Clean only on complete explicit-false analytics record (unknown never clean).
  • R-WAL-14: Mixer counterparty without listing-status record → screening-missing escalation.
  • R-WAL-15: Per-carrier wallet evidence lines with authority labels.

F. Travel Rule (31 CFR 1010.410(e)-(f) as applied to CVC by FIN-2019-G001)

  • R-TR-1: Statutory $3,000 threshold; below it Not Applicable as law.
  • R-TR-2: House FATF-style $1,000 de-minimis assessment lane (HOUSE POLICY, evidence note).
  • R-TR-3: Per-field missing-item findings with per-field regulatory cites (originator name/address/ account, amount, execution date, recipient institution; beneficiary items "as received").
  • R-TR-4: Chain-role-aware statuses: ordering side must withhold on missing mandatory items or pseudonymous originator; intermediary/recipient baseline is pass-through-permitted (no US rule compels rejection — evidence note); house-reject stance (cf 97) when policy flag set.
  • R-TR-5: Role not evidenced → escalate (duties differ by chain position).
  • R-TR-6: Complete requires every field present + no pseudonym + role on record.
  • R-TR-7: Ladder exactly-one status; 5-year record retention obligation when rule applies.

G. Suspicious-activity reasoning and SAR

  • R-SIG-1: Near-threshold structuring (tranche count ≥ house min, each below role threshold, same-day aggregate ≥ threshold) cf 85.
  • R-SIG-2: Rapid pass-through velocity (trailing count + turnover multiple vs house markers) cf 85.
  • R-SIG-3: Unlisted-mixer layering ≥ appetite threshold cf 70.
  • R-SIG-4: KYC identity mismatch / pseudonymous transmittal cf 85.
  • R-SIG-5: Movement after designation event (sanctions-evasion timing) cf 70.
  • R-SIG-6: Pig-butchering behavioural pattern cf 60.
  • R-SIG-7: Monitored-jurisdiction corridor cf 60.
  • R-SAR-1: Role-aware SAR threshold: bank/custodian $5,000 (31 CFR 1020.320); MSB $2,000 (31 CFR 1022.320); nonbank PPSI under MSB regime while the PPSI SAR rule is not final; trust- chartered PPSI under bank regime; proposed PPSI regime applies only when flagged final.
  • R-SAR-2: SAR obligation = signal + amount or same-day aggregate ≥ role threshold.
  • R-SAR-3: Below threshold → voluntary SAR note (safe harbour).
  • R-SAR-4: Role-specific deadline narratives (bank 30/60; MSB 30 no extension) gated on obligation.
  • R-SAR-5: SAR never substitutes for blocking/rejecting (parallel duties note).

H. Property interest and lawful orders

  • R-PROP-1: Custody fork Confirmed Held / Confirmed Not Held / Undetermined (feed or analyst); unknown never resolves to either side.
  • R-ORD-1: Lawful-order freeze gate requires ALL sec. 2(16)-style elements: federal authority, final and valid, particularity, subject to review, legal authentication, addressee is the issuer of the covered coin, order covers the coin or the counterparty wallet.
  • R-ORD-2: Valid order → Freeze Pending Lawful Order disposition + Freeze Executed outcome + Order Compliance Return reporting.
  • R-ORD-3: Order at non-issuer → Ordinary Legal Process, escalate to legal (issuer-anchored machinery).
  • R-ORD-4: Particularity failure or missing legal authentication → escalate, never freeze.

I. Disposition ladder (exactly one)

  • R-DISP-1: Precedence Freeze > Block > Reject > Escalate Incomplete Record > Hold (appetite) > File SAR > Process.
  • R-DISP-2: Block = Prohibited Counterparty + property Confirmed Held.
  • R-DISP-3: Reject = Prohibited Counterparty + Confirmed Not Held; sanctions basis lines (listed counterparty / jurisdiction / s311).
  • R-DISP-4: Reject on statutory acceptance bar (cf 100) or house acceptance policy (cf 97).
  • R-DISP-5: Reject/withhold on ordering-side incomplete travel rule (cf 100); house travel-rule reject (cf 97).
  • R-DISP-6: Escalations: analytics record missing/false; screening not performed/absent; mixer listing record missing; property undetermined with regulatory-floor finding; unknown-issuer coin; refer-out coin; travel-rule role not evidenced; acceptance determination underivable; non-issuer order; unparticularised/unauthenticated order.
  • R-DISP-7: Hold Escalate To Sanctions Officer on Severe Exposure (HOUSE POLICY).
  • R-DISP-8: File SAR disposition when obligation indicated and nothing above outranks.
  • R-DISP-9: Process only on fully clean, complete record (screening done, analytics present, processable tier, acceptable coin, satisfied travel rule, zero adverse candidates).
  • R-DISP-10: Exactly one controlling rationale, copying the final disposition binding; composed rationales carry status/basis/signal detail.

J. Reporting obligations (accrue independently of ladder)

  • R-REP-1: OFAC initial blocking report within 10 business days (31 CFR 501.603(b)(1)); owed even when a freeze order outranks the block at disposition level; dusting-classified receipts get the relaxed-timing variant (OFAC FAQ) instead.
  • R-REP-2: Rejected transaction report within 10 business days (31 CFR 501.604) with composed deadline narrative.
  • R-REP-3: Annual blocked property report (June 30 / Sept 30, 501.603(b)(2)).
  • R-REP-4: SAR preparation obligation on indicated SAR.
  • R-REP-5: Travel-rule record retention 5 years; OFAC record retention 10 years (2024 change).
  • R-REP-6: Order compliance return on executed freeze.
  • R-REP-7: ORS electronic filing note (mandatory since 2024).

K. Obligation layer — duties by role and era

  • R-DUTY-1: PPSI duties once Act effective: 1:1 reserves; permitted reserve assets only; monthly disclosure; monthly examination + executive certification (with scrivener-error note); public redemption policy; no holder yield; naming/marketing restrictions; BSA financial-institution programme; suspicious-transaction monitoring; record retention; block/freeze/reject capability; CIP (with proposed-rule posture note); sanctions compliance programme; lawful-order capability.
  • R-DUTY-2: >$50B outstanding → annual audited financial statements.
  • R-DUTY-3: Trust-chartered state PPSI >$10B → transition to federal framework within 360 days; ≤$10B → state-pathway-intact line.
  • R-DUTY-4: Nonbank PPSI while PPSI-specific rule not final → MSB registration + four-pillar programme (FIN-2019-G001 posture).
  • R-DUTY-5: MSB duties: registration, four pillars, travel rule.
  • R-DUTY-6: Bank duties: AML programme, CIP, travel rule; self-hosted-wallet posture note (federal proposal withdrawn — house CDD choice).
  • R-DUTY-7: Custodian duties: segregation, supervised-custodian status, sec. 10 basis line.
  • R-DUTY-8: DASP in Era 3 → Cease Offering Non Permitted Coins.

L. Programme element assessment

  • R-ELEM-1: Role-driven required elements: statutory S1/S3–S7 for PPSI; proposed P1/P2/P6 for PPSI; OFAC framework O1–O5 for all roles; MSB M1–M4; bank B1–B2; custodian C1.
  • R-ELEM-2: Three-valued status per element: satisfied requires every evidencing fact true; deficient requires explicit false; missing record → not evidenced (never satisfied).
  • R-ELEM-3: Assessment ladder: Deficient (any deficient) > Not Fully Evidenced > Adequate (all evidenced, none deficient); composed remediation items per deficient element; analytics-gap enforcement basis line (Bittrex/Poloniex reason-to-know).

M. Case-file composite

  • R-CASE-1: Single plural has case file line mirroring signals, TR status, tier, acceptance, sec8, era, evidence, reports, deadlines, next steps, rationale, marketing warnings with PREFIX :: parsing convention; mirrors bind final derived facts (no re-derivation).

N. Named-party screening, record completeness and statutory carve-outs

  • R-NEW-1: Named-party sanctions screening — SDN-listed originator or beneficiary transfer party → Prohibited-counterparty-equivalent handling (block if property held, reject if not, escalate if undetermined) with evidence line. (31 CFR ch. V blocking obligations; parties carry the same regulatory floor as wallets.)
  • R-NEW-1b: Ownership-attribution join: a counterparty wallet controlled by an SDN-listed party is a Prohibited Counterparty when the analytics feed exposes the controlling party.
  • R-NEW-2: Travel-rule record-set completeness — travel rule applies + chain role on record but the transmittal field records are wholly absent (or travel rule field records present false) → Escalate Incomplete Record.
  • R-NEW-3: Missing transaction amount → Escalate Incomplete Record (amount drives travel-rule and SAR-threshold logic; nothing can be concluded without it).
  • R-NEW-4: Missing counterparty wallet record → Escalate Incomplete Record (sanctions posture cannot be assessed).
  • R-NEW-5: Counterparty VASP RFI non-response on an incomplete pass-through transfer → suspicion- relevant factor (FinCEN CVC red flags) + escalation next step.
  • R-NEW-6: Stale KYC profile (kyc profile current false on a bound transfer party) → Enhanced Due Diligence next step.
  • R-NEW-7: Self-hosted counterparty (transaction flag) + ownership unverified → verification next step + Watch alignment (house policy; ties the declared transaction-level flag to the wallet rule).
  • R-NEW-10: 5916(a)(3) reciprocal-reserve carve-out — reserves-in-US condition satisfied by a 5916(d) reciprocal arrangement (mark-based override; explicit-true only). Amends R-COIN-5/6.
  • R-NEW-11: 5902(c) Treasury safe harbor disapplies the Era-3 DASP offering prohibition (mark-based guard on the 3(b)(1) rule only; new acceptance position May Accept Safe Harbor Exception, Era-3 + DASP + non-permitted context; house decline still outranks). Amends R-ACC-1.
  • R-NEW-12: PPSI duties for capital/liquidity/risk standards (5903(a)(4)) and no-rehypothecation (5903(a)(2)). Amends R-DUTY-1.
  • R-NEW-13: 5903(d)(3) transition waiver — >$10B trust issuer with a waiver on record keeps the state pathway (waiver state-line, duty suppressed). Amends R-DUTY-3.
  • R-NEW-14: when a Reject outranks an Escalate Incomplete Record candidate, the case must still carry an Escalate To Sanctions Officer next step (incompleteness never silently dropped).
  • R-STEP-1..10: next-step layer — EDD (elevated tier), standard monitoring (watch), verify ownership, RFI + retrieval duty (pass-through), correct and resubmit (ordering side), sanctions officer (hold), BSA officer (file/escalate), OFAC licence path on block (31 CFR 501.801), legal counsel (ordinary-process order).
  • R-DISP-11: Block rationale carries the deny-all-parties duty (OFAC FAQ 646 / 31 CFR ch. V) and the 10-business-day initial report.
  • R-SAR-6: File rationale states SAR confidentiality and that filing does not require declining the transaction (31 USC 5318(g)(2)).

O. Deliberate scope decisions (documented limitations)

  • SCOPE-1: Breach of a 5916(d) reciprocal arrangement by a lawful-order-capable foreign issuer is not separately modelled (no arrangement-violation input exists); the 3(b)(2) evidence text names the limb. Data contract: has reciprocal reserve arrangement injected true only when an arrangement covers the issuer.
  • SCOPE-2: Issuer-side 5907(b)(4)(B) $1M/day and 5902(a) criminal penalties are documentation items (the graph evaluates US-side institutions, not noncompliant foreign issuers).
  • SCOPE-3: Wallet Clean tier does not require explicit-false is controlled by clearance — the canonical explicit-false input for Clean is owner is listed person; the controlled-by join is a supplementary attribution path when the analytics feed exposes the party graph.
  • SCOPE-4: R-REP-1 wording — the dusting FAQ 1078 relief relaxes enforcement of DELAYED initial blocking reports only; the report obligation itself stands (modelled as the distinct OFAC Blocking Report Relaxed Timeline Dusting obligation instance with its guidance note).
  • SCOPE-5: is evaluated by is the mandatory per-transaction anchor; the completeness escalations (R-NEW-3/4) bind through it. A payload omitting the anchor entirely yields no disposition — documented in the data contract and probed adversarially.

Direction 1: source to rules (every source, and the rules that implement it)

Each source below is listed in the pack's web sources with its URL. "Rule families" name the rules exactly as they appear in the XML (name="…").

1.1 GENIUS Act, Pub. L. 119-27 / 12 U.S.C. ch. 56 — https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm and https://www.law.cornell.edu/uscode/text/12/chapter-56

  • Sec. 20 (effective date) → Era - finals prong candidate date, Era - effective date default eighteen month prong, Era - effective date finals prong earlier, Era - effective date finals prong later than default, Era - pre effective, Era - effective pre prohibition, Era - dasp prohibition in force.
  • 5902(a)/(b)(1) issuance limitation + 3-year DASP prohibition → Accept - era three dasp prohibition 5902 b 1, Accept ladder - statutory, Cand - reject coin under statutory acceptance bar, Rat - reject under statutory acceptance bar, Duty - dasp era three cease offering, Accept line - scheduled prohibition narrative.
  • 5902(b)(2) foreign lawful-order/reciprocity condition → Accept - lawful order condition failure 5902 b 2, Accept line - sec8 primary and secondary split narrative.
  • 5902(c) safe harbors → Accept - treasury safe harbor mark, Accept - treasury safe harbor 5902 c, Accept ladder - safe harbor exception, Accept line - safe harbor narrative (+ the zero-count guard inside the 3(b)(1) rule).
  • 5901(16) lawful order definition → Order - valid issuer order covering the counterparty wallet, Order - valid issuer order covering the stablecoin, Cand - freeze pending lawful order, Order outcome - freeze executed, Order evid - valid order, Order outcome - addressee is not the issuer, Cand - order at non issuer needs legal routing, Order evid - non issuer addressee, Cand - order lacks particularity, Order evid - particularity failure, Cand - order not authenticated, Order evid - not authenticated, Rat - freeze, Report - order compliance return, Next - legal counsel on ordinary process order.
  • 5903(a) issuer duties → Duty - reserves one to one (a)(1)(A); Duty - permitted reserve assets (a)(1)(A) categories incl. 93-day Treasuries; Duty - no reserve rehypothecation (a)(2); Duty - monthly disclosure (a)(1)(C); Duty - monthly certification + Duty basis - certification scrivener note (a)(3), noting the statute's (1)(D) cross-reference defect; Duty - redemption policy (a)(1)(B), 7-day fee notice; Duty - capital liquidity risk standards (a)(4); Duty - bsa financial institution treatment + programme-element requirements S1/S3–S7 (a)(5); Duty - lawful order capability (a)(6)(B); Duty - naming and marketing (a)(9); Duty - fifty billion audit tier (a)(10); Duty - no holder yield (a)(11).
  • 5903(c)/(d) state regime + transition → Duty - ten billion transition trigger, Duty - state ceiling intact line, Duty - transition waiver line (d)(3).
  • 5903(e)(3) marketing prohibition, $500k → Marketing - unlawful marketing warning, Casefile - marketing warning line.
  • Sec. 8 / 5907 noncompliance machinery → Sec8 - no noncompliance action on record, Sec8 - notice served cure period running (30-day cure), Sec8 - cure period lapsed without publication, Sec8 - ban effective 30 days after publication, Sec8 - published ban not yet effective, Sec8 - secondary trading ban in force, Sec8 - waiver granted (5907(c) grounds as Sanctions Basis instances), Sec8 - compliance restored after ban (b)(3)(A), the seven Sec8 ladder - … rungs, Sec8 - ban flag for acceptance layer, Accept - section 5907 secondary trading ban active, Accept line - sec8 ban penalty exposure (b)(4)(A)).
  • Sec. 10 / 5909 custody → Duty - custodian segregation, Duty - custodian supervision gate, Duty basis - custodian gates, elements Elem req/sat/def/nev - c1.
  • Sec. 18 / 5916 foreign regime → Coin - foreign issuer satisfies all four section 5916 a conjuncts, Coin - foreign issuer qualifies with reciprocal reserve arrangement 5916 d, Coin - reserve condition excused by reciprocal arrangement, the four disqualifier rules (…without comparability determination, …without occ registration, …without us held reserves, …comprehensively sanctioned, …primary money laundering concern determination), Coin - split domicile and regulation refer out (+ Accept line - refer out narrative, Cand - refer out coin needs legal review, Evid - refer out), Coin - wind down window end from rescission + Coin - comparability rescinded inside wind down window (90-day (b)(4)(B)), Accept - wind down safe harbor 5916 b 4 B, Coin evid - reciprocal reserve arrangement, the eight Coin ladder - … rungs.

1.2 Joint FinCEN/OFAC PPSI NPRM, 91 FR 18582 (Apr 10 2026, Docket FINCEN-2026-0100; proposed 31 CFR part 1033 + OFAC part 502) — PROPOSED → programme elements Elem req/sat/def/nev - p1 (part 1033: US-located officer, objective testing, deployment-blockchain risk assessment) and - p2 (part 502: geolocation + lookback); SAR threshold - ppsi proposed regime once final + policy flag ppsi sar rule is final (default false); SAR evid - ppsi proposed regime note; Duty - nonbank ppsi msb registration while rule pending, Duty - nonbank ppsi four pillar programme while rule pending, Duty basis - msb regime while pending, SAR threshold - nonbank ppsi under msb regime / chartered ppsi under bank regime while proposed rule pending.

1.3 Joint PPSI CIP NPRM, 91 FR 37234 (Jun 22 2026) — PROPOSED → Elem req/sat/def/nev - p6, Duty basis - cip proposal posture, policy flag cip rule is final (default false).

1.4 BSA Travel Rule, 31 CFR 1010.410(e)-(f) + FIN-2019-G001 → TR - statutory threshold met ($3,000), TR - house de minimis lane (house $1,000, labelled HOUSE POLICY), the eight TR field - … rules with per-subsection cites (f)(1)(i)-(vi), TR - at least one field missing, the eight TR cand - … rules incl. ordering-side withhold and pseudonymous originator, the six TR ladder - … rungs, Cand - travel rule field records flagged absent / wholly missing + their evidence mirrors, Rat - reject withhold ordering side, Rat - reject house travel rule stance, TR evid - house reject legal baseline (no US rule compels rejection — pass-through baseline), Report - travel rule retention (5 years, 31 CFR 1010.430(d)), Next - rfi on pass through, Next - retrieval duty note on pass through, Next - correct ordering side, Duty - msb/bank travel rule.

1.5 SAR rules, 31 CFR 1020.320 / 1022.320 + 31 USC 5318(g) → SAR threshold - bank regime ($5,000), - custodian follows bank regime, - msb regime ($2,000), the two PPSI interim-regime rules, SAR - signal with amount / same day aggregate at or above role threshold, SAR evid - below threshold voluntary note (safe harbor), SAR deadline - bank (30/60), - msb (30 flat, no extension), - nonbank ppsi msb regime, Cand - file on indicated sar obligation, Rat - file suspicious activity report (5318(g)(2) confidentiality), Report - sar preparation, Next - bsa officer on file.

1.6 FinCEN advisories/alerts/notices — FIN-2019-A003, FIN-2022-Alert001, FIN-2023-Alert005, FIN-2025-NTC1 → Signal - near threshold splitting (2025 NTC1 + 2019 A003), Signal - rapid pass through velocity (2025 NTC1), Signal - unlisted mixer layering (2019 A003 + Oct 2023 mixing NPRM), Signal - originator identity mismatch, Signal - pseudonymous transmittal, Signal - movement after designation event + Signal evid - evasion timing citation (2022 Alert001), Signal - pig butchering behavioural flags + Signal evid - pig butchering citation (2023 Alert005), Signal - monitored jurisdiction corridor, Report evid - sar never substitutes (2022 Alert001 parallel-duties), TR evid - counterparty vasp unresponsive, Evid - no documented purpose (2019 A003 red-flag factors).

  • FinCEN CVC-mixing 311 NPRM (88 FR 72701, Oct 2023) — PROPOSED → the unlisted-mixer appetite tier labelling in Wallet - unlisted mixer exposure at or above appetite threshold, Wallet evid - unlisted mixer, Signal - unlisted mixer layering.
  • Section 311 / 9714 special measures (Bitzlato 2023; Huione final rule eff. Nov 2025) → Wallet - section 311 special measure counterparty (incl. successors), Basis - special measure counterparty, Wallet evid - section 311.

1.7 OFAC blocking/reporting regime, 31 CFR 501.601-604 + FAQ 646 → Cand - block prohibited counterparty with property held, Cand - reject prohibited counterparty without property, the party-path twins, Rat - block (deny-all-parties + 10-business-day report), Rat - reject on sanctions grounds, Report - initial blocking report (+ party variant), Report - blocking deadline narrative (+ party variant) (501.603(b)(1)), Report - rejected transaction report + deadline (501.604), Report - annual blocked property + Report evid - annual blocked property (501.603(b)(2), June 30/Sept 30), Report - ofac retention on prohibited counterparty / on sanctions rejection / on sdn listed party (501.601 as amended, 10 years eff. Mar 2025), Report evid - ors filing (e-filing mandatory 8 Aug 2024), Next - licence path on block (501.801).

  • SDN list digital-currency addresses + FAQ 562 → Wallet - sdn listed digital currency address, Wallet - believed sdn associated per faq 562, Wallet evid - sdn address, Wallet evid - faq 562, Basis - listed or attributed counterparty, Party - originator/beneficiary on sdn list, Wallet - controlled by listed person, Wallet - controlling party sdn listed via analytics join, Wallet evid - listed owner.
  • 50 Percent Rule (Aug 2014) → Wallet - fifty percent rule ownership attribution, Wallet evid - fifty percent.
  • FAQ 1078 (dusting, Nov 2022) → Wallet - dusting receipt from sanctioned source, Wallet - dusting classification (house $5 nominal, HOUSE POLICY), Report - dusting relaxed blocking report, Report evid - dusting relaxed timing, Wallet evid - dusting. The blocking obligation itself is never waived — only the report-timing enforcement note.
  • Comprehensive jurisdictions + Kraken (Nov 2022) enforcement → Wallet - geolocated in comprehensively sanctioned jurisdiction, Wallet evid - comprehensive geo, Basis - comprehensive jurisdiction, Cand - screening not performed + Evid - screening not performed (transaction-time screening; Kraken), Cand - screening record absent.
  • Tornado Cash delisting (21 Mar 2025) → the AML-not-sanctions framing of the unlisted-mixer tier (Wallet - unlisted mixer exposure …, Wallet - unlisted mixer exposure below appetite threshold, Wallet - mixer counterparty without listing record + Evid - mixer screening missing, Cand - mixer screening record missing).

1.8 OFAC Framework (May 2019) + Virtual Currency Guidance (Oct 2021) → elements Elem req/sat/def/nev - o1…o5 (five pillars, all roles); analytics/geolocation/lookback expectations inside Elem sat/def - p2, Elem sat/def - s3/o3; Rat - block guidance cite; Evid - analytics missing; Prog - analytics gap basis line (Bittrex/Poloniex "reason to know"; Poloniex OFAC settlement May 2023).

1.9 MSB/bank programme rules, 31 CFR 1022.210 / 1020.210 / 1020.220 → Duty - msb registration, Duty - msb four pillar programme, elements Elem req/sat/def/nev - m1…m4; Duty - bank aml programme, Duty - bank cip, elements - b1/b2; Next - edd on stale originator/beneficiary kyc + Party evid - stale kyc … (1020.210(b)(2)(v) risk-based CDD); Evid - self hosted counterparty + Duty basis - bank self hosted wallet posture (unhosted proposal withdrawn Aug 2024 — HOUSE POLICY choice).

1.10 Board Risk Appetite Statement — HOUSE POLICY (fictional, clearly labelled) → Wallet - direct/indirect exposure at or above hold threshold, …exposure above review floor, …indirect exposure to sdn listed mixer above hold threshold, …unlisted mixer thresholds, Wallet - geolocated in monitored jurisdiction, Wallet - ownership not verified with customer, Wallet ladder - severe/elevated/watch, Cand - hold on severe appetite exposure, Rat - hold appetite, Accept - house policy declines pending applicants / non permitted foreign coins, Accept - house accepts non permitted foreign before the prohibition, Accept ladder - fail safe default deny, TR cand - house rejects incomplete as intermediary/recipient, TR - house de minimis lane, Signal house markers (velocity 8, turnover 10, tranche 3, dusting $5), Next - edd on elevated tier, Next - monitoring on watch tier, Next - verify unverified ownership.

Coverage claim, source → rules: every registered source above maps to at least one implementing rule family; no source content relied on in research is left unimplemented except the documented scope decisions (SCOPE-1/2 in the requirements register: reciprocal-arrangement breach as a separate input; issuer-side penalty amounts, which appear in documentation and evidence text rather than as decision logic).

Direction 2: rules to source (every rule family, its requirement, its authority)

The requirement register (IDs below) is the first section of this document. Every one of the graph's 427 relinsts is either (a) a rule in one of the families below, (b) a stored reference/persona fact (registry rows, policy thresholds, programme personas — all fictional), or (c) a case-file mirror. There are NO rules outside this table.

Rule family (rule-name prefix, count) Requirement Authority (label)
Era - … (7) R-ERA-1..4 GENIUS sec. 20; 5902(b)(1) — FINAL LAW
Coin - … candidates + marks (15) R-COIN-1..8, R-NEW-10 5902(a), 5916(a)-(d) — FINAL LAW
Coin ladder - … (8) R-COIN-9 exactly-one discipline (design)
Coin evid - … (1) R-NEW-10 5916(d) — FINAL LAW
Sec8 - … + Sec8 ladder - … (16) R-SEC8-1..8 5907(a)-(c) — FINAL LAW
Accept - … candidates + mark (10) R-ACC-1..8, R-NEW-11 5902(b)/(c), 5907, 5916(b)(4)(B) — FINAL LAW; house stances — HOUSE POLICY (cf 97)
Accept ladder - … (7) R-ACC-9 + exactly-one design; fail-safe deny — HOUSE POLICY (cf 90)
Accept line - … (6) R-ACC-10, R-NEW-11 mixed, per-line labels
Marketing - … (1) R-ACC-11 5903(e)(3) — FINAL LAW
Wallet - … tier candidates (20) R-WAL-1..12, R-NEW-1b 31 CFR ch. V, FAQ 562/646/1078, 50% rule, s311, OFAC 2021 — FINAL LAW/GUIDANCE; appetite tiers — HOUSE POLICY
Wallet ladder - … (5) R-WAL-13 (clean-on-complete) design + OFAC 2021
Wallet evid - … (12) R-WAL-15 per-line authority labels
TR - …, TR field - …, TR cand - …, TR ladder - …, TR evid - … (31) R-TR-1..7, R-NEW-2/5 31 CFR 1010.410(e)-(f), FIN-2019-G001 — FINAL LAW; house lane/reject — HOUSE POLICY
SAR threshold - … (6) R-SAR-1 1020.320/1022.320 — FINAL LAW; part 1033 — PROPOSED
Signal - … (8) + Signal evid - … (2) R-SIG-1..7 FIN-2019-A003, FIN-2022-Alert001, FIN-2023-Alert005, FIN-2025-NTC1 — GUIDANCE; house markers — HOUSE POLICY
SAR - …, SAR evid - …, SAR deadline - … (7) R-SAR-2..6 5318(g), 1020.320/1022.320 — FINAL LAW
Prop - … (5) R-PROP-1 blocking-vs-reject duty split — FINAL LAW context
Order - …, Order outcome/evid - … (8) R-ORD-1..4 5901(16), 5903(a)(6)(B) — FINAL LAW
Cand - … disposition candidates (31) R-DISP-2..8, R-NEW-1..4, R-NEW-14 per-candidate authority
Basis - … (4) R-DISP-3 31 CFR ch. V, s311 — FINAL LAW
Ladder - … disposition rungs (7) R-DISP-1, R-DISP-9 precedence design (freeze > block > reject > escalate > hold > file > process)
Rat - … (11) R-DISP-10/11, R-SAR-6 per-rationale authority labels
Report - …, Report evid - … (19) R-REP-1..7 501.601-604, 1010.430(d), FAQ 1078 — FINAL LAW/GUIDANCE
Next - … (15) R-STEP-1..10, R-NEW-5/6/14 operational layer, per-step basis
Evid - …, Party evid - … (16) R-DISP-6, R-NEW-1..4, R-NEW-7 completeness discipline + advisories
Party - … (2) R-NEW-1 31 CFR ch. V — FINAL LAW
Casefile - … (13) R-CASE-1 API-consumer surface (design)
Duty - … + Duty basis - … (36) R-DUTY-1..8, R-NEW-12/13 5903(a)/(c)/(d), 5909, FIN-2019-G001, 1022.210/1020.210 — FINAL LAW; posture notes — PROPOSED
Elem req - … (21) R-ELEM-1 5903(a)(5) statutory; parts 1033/502/CIP — PROPOSED; OFAC pillars — GUIDANCE; MSB/bank/custody — FINAL LAW
Elem sat/def/nev - … (72) R-ELEM-2 three-valued discipline (unknown never satisfies)
Prog - … (5) R-ELEM-3 assessment ladder + remediation

Coverage claim, rules → source: every rule family traces to a requirement ID and a labelled authority, and the family counts above sum to the graph's 427 rules. Together with Direction 1 this gives provenance in both directions: sources are fully implemented (modulo documented scope decisions) and rules are fully sourced.

Source verification notes (14 September 2026)

Every citation in the register and in the two directions above was checked against the live public sources on 14 September 2026. The notes below record what was confirmed, with pinpoints, for each body of law.

Statute: the GENIUS Act and 12 U.S.C. chapter 56

  1. Pub. L. 119-27 (S.1582), enacted 2025-07-18, 139 Stat. 419; codified 12 U.S.C. ch. 56, §§ 5901–5916. Act §2→5901, §3→5902, §4→5903, §8→5907, §10→5909, §11→5910+5911, §18→5916. https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm
  2. Sec. 20 effective date — earlier of 18 months after enactment (2027-01-18) or 120 days after ANY final implementing regulations by the primary federal regulators. As of 2026-09-14 no final rules exist (§13's July 2026 deadline missed; Aug 2026 Treasury issuance NPRM open to 2026-10-19) → 2027-01-18 governs.
  3. 5902(a)/(b)(1) — issuance limitation; DASP prohibition 3 years from enactment = 2028-07-18; penalties up to $1M/5 years for unlawful issuance. 5902(c): Treasury may by regulation grant limited de-minimis safe harbors + unusual-and-exigent relief (no general extension power). https://www.law.cornell.edu/uscode/text/12/5902
  4. 5902(b)(2) — foreign coin offering condition: lawful-order capability AND compliance with any reciprocal arrangement under 5916.
  5. 5901(16) lawful order — elements: (intro) final and valid, issued under federal law by court or authorized agency; (A) requires the person to seize, freeze, burn, or prevent transfer of payment stablecoins ISSUED BY THE PERSON; (B) reasonable particularity; (C) subject to judicial/administrative review.
  6. 5903(a) duties — 1:1 reserves in enumerated categories incl. Treasuries ≤93 days; no-rehypothecation 5903(a)(2) with exceptions; monthly disclosure (a)(1)(C); monthly registered- accounting-firm examination + CEO/CFO certification with 18 U.S.C. 1350(c) criminal exposure (a)(3); redemption policy + 7-day fee notice (a)(1)(B); no yield (a)(11); naming restrictions (a)(9) (not 4(e)); capital/liquidity/risk standards (a)(4); BSA financial-institution treatment + programme elements (a)(5); lawful- order capability (a)(6)(B); >$50B audited financials (a)(10)(A) PCAOB. Confirmed.
  7. 5903(c)/(d) — $10B state ceiling ("not more than"); >$10B → transition within 360 days or cease new issuance; waiver (d)(3). Confirmed.
  8. 5903(e)(3) — marketing-as-payment-stablecoin prohibition; $500,000 Treasury fine per knowing/willful violation (e)(3)(B). Confirmed.
  9. 5916 foreign regime — four conjuncts confirmed: (a)(1) Treasury comparability (SCRC recommendation, FR justification, 210-day decision clock (b)); (a)(2) OCC registration (c); (a)(3) US-held reserves sufficient for US liquidity demands UNLESS otherwise permitted under a reciprocal arrangement under 5916(d); (a)(4) domicile/ regulation country not comprehensively sanctioned nor primary-money-laundering concern. Rescission per (b)(4) with 90-day DASP wind-down (b)(4)(B), confirmed.
  10. 5907 machinery ("Anti-money laundering protections") — designation of noncompliance; 30-day cure (b)(1); FR publication (b)(1)(A); secondary-trading prohibition effective 30 days after FR notice (b)(1)(B); penalties $100k/violation/day DASP (b)(4)(A), $1M/day issuer (b)(4)(B); waivers 5907(c) (financial-system harm, tangible remediation, national security, intelligence/law-enforcement; 7-day congressional report); prohibition expires on no-longer-noncompliant determination (b)(3)(A). The state machine and the waiver grounds are confirmed.
  11. 5909 custody — supervised custodians incl. state supervisors sharing info with the Fed; customer property protections; segregation with (c)(2) exceptions; customer priority (c)(3); self-custody hardware/software exception (e). Confirmed.
  12. 5910/5911 insolvency priority — holder priority over reserves (context).
  13. Regulatory actions to Sept 2026 (all PROPOSED, none final): Treasury ANPRM 2025-09-19; Treasury RFC 2025-08-18; OCC NPRM 2026-03-02 (12 CFR part 15); Treasury 4(c) principles NPRM 2026-04-03; FDIC NPRM 2026-04-10; joint FinCEN/OFAC PPSI AML+sanctions NPRM 2026-04-10 (91 FR 18582); FDIC BSA/sanctions 2026-06-05; joint CIP NPRM 2026-06-22 (91 FR 37234); OCC AML/sanctions NPRM 2026-06-24; Treasury issuance NPRM 2026-08-18 (comments to 2026-10-19).

FinCEN and the Bank Secrecy Act

  1. Travel Rule 31 CFR 1010.410(f)(1) — $3,000 threshold; (i) transmittor name+account, (ii) address, (iii) amount, (iv) execution date, (v) recipient's FI identity, (vi) as-received beneficiary items (name, address, account, other identifier), (vii) transmittor's FI identity. https://www.law.cornell.edu/cfr/text/31/1010.410
  2. FIN-2019-G001 (May 9, 2019) — CVC money-transmission guidance; stablecoin administrators/issuers are money transmitters/MSBs (Blanco Nov 2019 confirmation). https://www.fincen.gov/system/files/2019-05/FinCEN%20Guidance%20CVC%20FINAL%20508.pdf
  3. Oct 2020 $250 threshold NPRM (85 FR 68005) — never finalised; $3,000 stands.
  4. SAR rules — banks 31 CFR 1020.320: $5,000, 30 days extendable to 60 with no suspect; MSBs 31 CFR 1022.320: $2,000 ($5,000 clearance-record review for money order/TC issuers), flat 30 days, NO extension. The $25,000 no-suspect figure belongs to the banking-agency rules (12 CFR 21.11(c) and equivalents), not to FinCEN's rule, and is not used.
  5. 1022.210 MSB four pillars (controls, compliance person, training, independent review), "commensurate with risks". Confirmed.
  6. 1020.210 bank programme — now FIVE pillars (incl. risk-based CDD (2)(v)); 1020.220 CIP documentary + non-documentary verification, 5-year retention. Confirmed.
  7. Advisories/alerts — FIN-2019-A003 (May 9, 2019): structuring, mixing, kiosk red flags (NOT pig butchering). Pig butchering = FIN-2023-Alert005 (Sept 8, 2023). CVC kiosk notice FIN-2025-NTC1 (Aug 4, 2025).
  8. Oct 2023 CVC-mixing 311 NPRM (88 FR 72701, FINCEN-2023-0016, RIN 1506-AB64) — still PROPOSED as of Sept 2026.
  9. Parallel duties instrument — FIN-2022-Alert001 (Mar 7, 2022): SAR duties in addition to OFAC blocking/reject duties.
  10. Section 311/9714 CVC actions — Bitzlato: section 9714(a) order (Jan 18, 2023, effective Feb 1, 2023, transmittal prohibition). Huione Group: 5318A final rule effective Nov 17, 2025 (90 FR 48295), special measure five + due diligence against indirect access, sweeps in subsidiaries/affiliates.
  11. The 2026 GENIUS rulemakings:
    • 91 FR 18582 (Apr 10, 2026), Docket FINCEN-2026-0100, FR doc 2026-06963 — joint FinCEN/OFAC NPRM: new 31 CFR part 1033 (PPSI AML/CFT programme; SAR threshold $5,000 bank-level, primary-market scope; 1033.210 programme rule confirmed; 1033.320 numbering very likely but not independently quoted) + new OFAC 31 CFR part 502 (mandatory five-pillar sanctions compliance programme). Comments closed June 9, 2026. PROPOSED, not final.
    • 91 FR 37234 (June 22, 2026), FR doc 2026-12460 — joint FinCEN/OCC/FRB/FDIC/NCUA PPSI CIP proposal (OFAC not a party); comments closed Aug 21, 2026; effective 12 months after a final rule. PROPOSED, not final.
  12. 31 USC 5318(g) — SAR confidentiality, safe harbor incl. voluntary SARs. Confirmed.
  13. 31 CFR 1010.430(d) — 5-year retention for required records. Confirmed.
  14. Enforcement precedents — Kraken Nov 28, 2022 ($362,158.70, transaction-time geolocation); Bittrex Oct 11, 2022 (parallel OFAC $24.3M + FinCEN $29.3M; held-but-unused screening data); Poloniex OFAC settlement is May 1, 2023 ($7,591,630) — NOT 2021 (2021 was the SEC action).

OFAC

  1. Framework for OFAC Compliance Commitments (May 2, 2019) — five pillars (management commitment, risk assessment, internal controls, testing/auditing, training). Confirmed. https://ofac.treasury.gov/media/16331/download?inline
  2. Sanctions Compliance Guidance for the Virtual Currency Industry (Oct 15, 2021) — geolocation/ IP controls incl. transaction-time screening, blockchain analytics, lookbacks/remediation; FAQs 559/646 issued with it. Confirmed. https://ofac.treasury.gov/media/913571/download?inline
  3. Blocking/reporting deadlines — initial blocking report 10 business days (31 CFR 501.603(b)(1)); rejected transaction report 10 business days (501.604); annual blocked property report held-as-of June 30 filed by Sept 30 (501.603(b)(2)); deny-all-parties per FAQ 646. All confirmed. https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-501/subpart-C/section-501.603 https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-501/subpart-C/section-501.604
  4. ORS e-filing mandatory — IFR published May 10, 2024, effective Aug 8, 2024 (narrow unique-and-extraordinary-circumstances exception). Confirmed with exact date. https://www.federalregister.gov/documents/2024/05/10/2024-10033/reporting-procedures-and-penalties-regulations
  5. 10-year record retention — 21st Century Peace through Strength Act (Apr 24, 2024) extended IEEPA/TWEA SoL to 10 years; OFAC IFR Sept 13, 2024 (89 FR 74832) amended 31 CFR 501.601, effective Mar 12, 2025; final rule without change effective Mar 21, 2025. Confirmed. https://www.federalregister.gov/documents/2024/09/13/2024-20674/reporting-procedures-and-penalties
  6. 50 Percent Rule — Revised Guidance Aug 13, 2014; 50%+ aggregate ownership by blocked persons → blocked regardless of listing. Confirmed. https://ofac.treasury.gov/media/6186/download?inline
  7. FAQ 562 — SDN digital-currency address listings not exhaustive; block + report where a wallet is believed owned by/associated with an SDN. Confirmed (number and substance). https://ofac.treasury.gov/faqs/562
  8. FAQ 1078 (dusting) — issued Nov 8, 2022 with Tornado Cash FAQ set; OFAC will not prioritise enforcement of DELAYED initial blocking reports for unsolicited nominal receipts with no other nexus; blocking obligation itself is NOT waived. Confirmed — 1078 is the right number. https://ofac.treasury.gov/faqs/1078
  9. Comprehensive jurisdictions + Kraken — Oct 2021 guidance lists Cuba, Iran, North Korea, Syria, Crimea; DNR/LNR added by E.O. 14065 (Feb 2022). Kraken settlement Nov 28, 2022, $362,158.70, transaction-time geolocation failure. Confirmed. https://ofac.treasury.gov/recent-actions/20221128
  10. Tornado Cash — designated Aug 8, 2022; redesignated Nov 8, 2022; Van Loon (5th Cir.) Nov 26, 2024; delisted Mar 21, 2025. The unlisted-mixer tier is an AML framing, not a sanctions attribution, with caveats: Semenov remains SDN; blocked persons' funds transiting a mixer still blockable; pre-delisting conduct not immunised. Partially confirmed.
  11. SDN digital currency addresses as identifiers; blocking required — Confirmed (FAQ 562/646).
  12. Sanctions-evasion timing red flag — no instrument says verbatim "movement after designation"; the authoritative source is FinCEN Alert FIN-2022-Alert001 (Mar 7, 2022) red flags (rapid movement/obfuscation, SDN-listed CVC addresses) + OFAC 2021 transaction-time screening expectation. https://www.fincen.gov/system/files/2022-03/FinCEN%20Alert%20Russian%20Sanctions%20Evasion%20FINAL%20508.pdf
  13. Specific licence pathway — 31 CFR 501.801, licensing.ofac.treas.gov. Confirmed.

GENIUS-specific instruments in existence as of 14 September 2026

  1. GENIUS Act, S.1582, Pub. L. 119-27, signed July 18, 2025. https://www.congress.gov/bill/119th-congress/senate-bill/1582/text
  2. Treasury RFC "Innovative Methods to Detect Illicit Activity Involving Digital Assets" (GENIUS sec. 9(d)), Aug 18, 2025. https://home.treasury.gov/news/press-releases/sb0254
  3. Treasury ANPRM "GENIUS Act Implementation", Sept 19, 2025. https://www.federalregister.gov/documents/2025/09/19/2025-18226/genius-act-implementation
  4. Joint FinCEN + OFAC NPRM, published Apr 10, 2026: "Permitted Payment Stablecoin Issuer AML/CFT Program and Sanctions Compliance Program Requirements" — PPSIs as BSA financial institutions; OFAC proposes new 31 CFR Part 502 mandatory five-pillar sanctions compliance programme. Comments closed June 9, 2026; proposed effectiveness 12 months after final rule. https://www.federalregister.gov/documents/2026/04/10/2026-06963/permitted-payment-stablecoin-issuer-anti-money-launderingcountering-the-financing-of-terrorism
  5. FDIC proposed rule for FDIC-supervised PPSIs, June 5, 2026. https://www.federalregister.gov/documents/2026/06/05/2026-11342/bank-secrecy-act-and-sanctions-compliance-standards-for-fdic-supervised-permitted-payment-stablecoin
  6. Joint FinCEN/OCC/FRB/FDIC/NCUA proposed rule — PPSI Customer Identification Program, June 22, 2026. https://www.federalregister.gov/documents/2026/06/22/2026-12460/permitted-payment-stablecoin-issuer-customer-identification-program
  7. OCC proposed rule "PPSI AML/CFT and Sanctions Compliance Risk Management", June 24, 2026. https://www.federalregister.gov/documents/2026/06/24/2026-12692/permitted-payment-stablecoin-issuer-anti-money-launderingcountering-the-financing-of-terrorism-and
  • No finalised PPSI AML, sanctions or CIP rule as of 14 September 2026, which is why the graph labels those elements PROPOSED and defaults ppsi sar rule is final and cip rule is final to false.

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