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Online EducationABA Banking Journal: Agenices propose anti-money laundering, sanctions requirements for stablecoin issuersApril 8, 2026
The Financial Crimes Enforcement Network, jointly with the Office of Foreign Asset Control, today proposed a new rule to establish BSA and sanctions compliance obligations for payment stablecoin issuers. The proposed rule would implement the anti-money laundering/countering the financing of terrorism provision of the Genius Act, which established a regulatory framework for payment stablecoins. According to a summary of the 303-page rule, stablecoin issuers would be required to meet BSA obligations, including filing suspicious activity reports, creating and retaining certain records, and conducting due diligence. They also must maintain an effective sanctions compliance program. In addition to meeting other BSA requirements, stablecoin issuers would also be required to have AML/CFT programs with the following features:
The AML/CFT program requirements for stablecoin issuers mirror the proposed revisions to BSA requirements for banks and other financial institutions that FinCEN released on Tuesday. The rule also proposes a coordination function between FinCEN and primary federal stablecoin regulators prior to any supervisory action. Enforcement actions or major supervisory actions would be limited to cases where the issuer has a significant or systemic failure to maintain its program. Comments on the proposal are due 60 days after publication in the Federal Register. Back to TopABA Banking Journal: CISA, federal agencies issue advisory on Iran-related cyberattacksApril 8, 2026
The advisory warns utility companies and other infrastructure of “ongoing cyber exploitation targeting internet-connected operational technology devices.” While financial institutions are not among the industries listed in the advisory, it notes that disruptions could result in financial losses. The agencies recommend organizations “review the tactics, techniques and procedures and indicators of compromise in this advisory for indications of current or historical activity on their networks and apply the recommendations in this advisory to reduce the risk of compromise.” Back to TopABA Banking Journal: White House report downplays risk to banks from stablecoin interest paymentsApril 8, 2026
The Genius Act prohibits interest payments on payment stablecoins, but the American Bankers Association and others have raised concerns about a potential loophole that would allow issuers to circumvent the prohibition through third-party rewards. The council report is only the latest to explore the potential effects of allowing stablecoin interestment payments: The Treasury Department has estimated that $6.6 trillion in bank deposits could be at risk. ABA has called on lawmakers to use the proposed Clarity Act to close the loophole and shared a state-by-state breakdown of potential deposit outflows if the change is not made. The council, using its own model, estimated that eliminating the prohibition would only increase bank lending by $2.1 billion, or 0.02%. Most of that lending would go to large banks rather than banks with less than $10 billion in assets. The report did not measure or evaluate the negative impact on bank lending if stablecoin yield were allowed. “The yield prohibition in the Genius Act — and its proposed reinforcement through the Clairty Act — may be motivated by the concern that competitive stablecoin returns will draw deposits out of the banking system and contract lending. Our model shows that this concern is quantitatively small,” the report concludes. Full ArticleBack to TopCISA News: Cybercriminals Exploit Tax Season With New Phishing TacticsVoice-based phishing was at the root of multiple attack sprees Mandiant responded to last year, reflecting a concerning shift in tactics.March 30, 2026 | Alessandro Mascellino
A wave of tax-themed cyber campaigns delivering malware, remote access tools, fraud schemes and credential phishing has been detected in early 2026. Proofpoint researchers identified more than a hundred such operations, highlighting how attackers continue to exploit the pressures and expectations tied to tax season. A new advisory published on March 30 by the cybersecurity vendor found that malicious campaigns are increasingly using remote monitoring and management (RMM) tools. The firm also observed activity from newly identified threat actors and a broader mix of social engineering techniques.
Evolving Threat GroupsProofpoint also highlighted the role of newer and evolving threat groups. Some campaigns, particularly from TA2730, focused on organizations in Japan and other parts of Asia, while others targeted users in Canada, Australia, Singapore and Switzerland.
In several cases, attackers posed as investment firms requesting updates to tax forms such as W-8BEN, directing victims to fake login pages designed to capture credentials. Elsewhere, business email compromise campaigns attempted to collect W-2 and W-9 forms by impersonating company executives, exposing sensitive personal and financial information. Tax-related lures remain effective because they align with expected communications during filing periods. Messages referencing penalties, missing documents or compliance issues can prompt quick reactions, often before authenticity is verified. "Tax lures are commonly used by threat actors, especially around filing seasons, as people leverage various applications and services to collate and file important business and personal finance information," Proofpoint wrote. "Enterprises should educate users about the techniques and lures commonly abused by threat actors and be aware that cyber-criminals routinely gravitate towards timely and topical lure themes, with taxes being among their annual favorites." Back to Top
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The Cybersecurity and Infrastructure Security Agency has issued 
A prohibition on paying interest or yield on payment stablecoins would do “very little” to protect bank lending “while forgoing the consumer benefits of competitive returns on stablecoin holdings,” according to 
