Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Compliance, Regulatory

LATEST: U.S. regulators propose bank-style KYC rules for stablecoin issuers

The exterior of the Federal Reserve building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo

By CARLO BOFFA, EU Correspondent US authorities proposed on Thursday stricter know-your-customer measures for stablecoin issuers, akin to those applied to banks and credit unions. The draft rule requires issuers to keep records of customers’ name, date of birth — or date of formation for an entity — address and identification number. The proposal was…

AML Intelligence
Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!