PANews reported on April 8th that, according to CoinDesk , FinCEN and OFAC, both under the U.S. Treasury Department, will jointly release proposed rules requiring institutions issuing stablecoins in the U.S. to establish robust anti-money laundering and sanctions compliance systems. These systems will include the ability to "intercept, freeze, and reject" suspicious transactions and to fulfill obligations under the Bank Secrecy Act. The rules will implement the GENIUS Act passed last year, clarifying that issuers must identify high-risk customers and activities based on their own business, cooperate with FinCEN in tracking down entities of "major money laundering concern," and identify and block transactions that may violate U.S. sanctions through risk-based measures. Issuers may face enforcement action if their compliance systems are found to have serious or systemic deficiencies.