Anti Money Laundry AML refers to the laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income. Yesterday, FinScan®, provider of advanced anti-money laundering (AML) and sanctions screening solutions from Innovative Systems, announced that its FinScan Payments solution now supports screening for stablecoin transactions and digital wallets across global sanctions lists, alongside traditional payment rails, enabling a single, scalable approach for payments compliance.
Stablecoin payments are projected to reach $56 trillion globally by 2030, and regulators increasingly expect them to be treated like any other payment rail, including screening at origination. Most fintechs and financial institutions already use point solutions to screen traditional payment rails, but few have a solution for stablecoins.
FinScan Payments closes that gap without having to add vendors or integrations to a firm’s compliance framework or tech stack. It screens every payment against sanctions, politically exposed persons (PEP), and dual-use goods lists simultaneously across all rails including stablecoins.
The solution also screens digital wallet addresses and payment parties against customer-selectable global sanctions lists including OFAC, Israel’s NBCTF, Japan’s Ministry of Finance, the UK Sanctions List, and the United Nations’ Security Council sanctions lists.
This is a good news for payments since AML is a critical pillar of financial system integrity. In addition to that, Money laundering remains massive (trillions annually) and creates problems to institutions including: Growing costs, Increasing regulatory pressure, and Technology-driven transformation.
Recently, the Euroepan Union has established a central regulator (AMLA) starting in 2026. Here for more details on EU Regulation.
