> ## Documentation Index > Fetch the complete documentation index at: https://docs.stateset.com/llms.txt > Use this file to discover all available pages before exploring further. # ssUSD Compliance & Regulatory > Complete guide to StateSet USD compliance, KYC/AML requirements, and regulatory framework # ssUSD Compliance & Regulatory Guide StateSet USD (ssUSD) will be issued under the GENIUS Act, making it a federally-regulated stablecoin with comprehensive compliance requirements. All ssUSD operations are subject to regulatory compliance. Failure to meet requirements may result in transaction blocks or account restrictions. ## 🏛️ Regulatory Framework ### GENIUS Act Compliance Regulated by the Office of the Comptroller of the Currency (OCC) C-suite executives face criminal liability for misreporting reserves CPA-signed reserve reports published on-chain monthly Customer funds held separately from corporate assets ### Jurisdictional Coverage | Region | Status | Requirements | | -------------- | -------------------- | -------------------------- | | United States | ✅ Fully Compliant | KYC/AML required | | European Union | ✅ MiCA Compliant | KYC/AML required | | United Kingdom | ✅ FCA Registered | Enhanced due diligence | | Singapore | ✅ MAS Licensed | KYC/AML required | | Japan | ✅ FSA Approved | Strict wallet requirements | | Canada | ✅ FINTRAC Registered | KYC/AML required | ## 👤 KYC Requirements ### Individual Accounts ```javascript theme={null} // KYC verification for individuals const kycResult = await stateset.compliance.verifyIndividual({ personal_info: { first_name: 'John', last_name: 'Smith', date_of_birth: '1985-06-15', ssn_last4: '1234' // US only }, address: { street: '123 Main St', city: 'San Francisco', state: 'CA', postal_code: '94105', country: 'US' }, documents: { id_front: 'base64_encoded_image', id_back: 'base64_encoded_image', proof_of_address: 'base64_encoded_pdf' } }); if (kycResult.status === 'approved') { // Enable ssUSD transactions await stateset.accounts.enableStablecoin({ account_id: kycResult.account_id, limits: kycResult.approved_limits }); } ``` ### Business Accounts ```javascript theme={null} // Enhanced KYC for businesses const businessKYC = await stateset.compliance.verifyBusiness({ business_info: { legal_name: 'Acme Corporation', dba_name: 'Acme', tax_id: '12-3456789', formation_date: '2015-01-01', business_type: 'corporation' }, beneficial_owners: [ { name: 'Jane Doe', ownership_percentage: 51, date_of_birth: '1980-01-01', ssn_last4: '5678' } ], documents: { formation_docs: 'base64_encoded_pdf', tax_certificate: 'base64_encoded_pdf', bank_statement: 'base64_encoded_pdf' } }); ``` ## 🛡️ AML Monitoring ### Transaction Screening ```javascript theme={null} // Real-time transaction monitoring const screening = await stateset.compliance.screenTransaction({ from: 'stateset1sender...', to: 'stateset1recipient...', amount: '50000.00', purpose: 'B2B payment' }); if (screening.risk_level === 'high') { // Enhanced review required await stateset.compliance.requestEnhancedReview({ transaction_id: screening.transaction_id, reason: screening.risk_factors }); } // Risk levels and actions switch(screening.risk_level) { case 'low': // Proceed with transaction break; case 'medium': // May require additional information break; case 'high': // Manual review required break; case 'blocked': // Transaction cannot proceed throw new Error('Transaction blocked for compliance'); } ``` ### Sanctions Screening ```javascript theme={null} // Check against sanctions lists const sanctionsCheck = await stateset.compliance.checkSanctions({ entities: [ { type: 'individual', name: 'John Smith', date_of_birth: '1985-06-15', nationality: 'US' } ], lists: ['OFAC', 'EU', 'UN', 'UK'] }); // Response { "screening_id": "scr_123", "status": "clear", "matches": [], "lists_checked": ["OFAC_SDN", "EU_SANCTIONS", "UN_SANCTIONS", "UK_SANCTIONS"], "timestamp": "2024-06-25T12:00:00Z" } ``` ## 📊 Transaction Limits ### Individual Limits | Transaction Type | Daily Limit | Monthly Limit | Per Transaction | | ---------------- | ----------- | ------------- | --------------- | | Standard | \$10,000 | \$50,000 | \$5,000 | | Verified | \$100,000 | \$500,000 | \$50,000 | | Premium | \$1,000,000 | \$10,000,000 | \$500,000 | ### Business Limits | Business Type | Daily Limit | Monthly Limit | Per Transaction | | ------------- | ----------- | ------------- | --------------- | | Startup | \$50,000 | \$250,000 | \$25,000 | | SMB | \$500,000 | \$5,000,000 | \$250,000 | | Enterprise | Custom | Custom | Custom | ### Limit Management ```javascript theme={null} // Check current limits const limits = await stateset.compliance.getLimits({ account_id: 'acc_123' }); // Request limit increase const increaseRequest = await stateset.compliance.requestLimitIncrease({ account_id: 'acc_123', requested_limits: { daily: '500000.00', monthly: '5000000.00' }, justification: 'Business growth requiring higher payment volumes', supporting_docs: ['bank_statements.pdf', 'financial_projections.pdf'] }); ``` ## 🚨 Suspicious Activity Reporting ### Automatic SAR Filing ```javascript theme={null} // System automatically files SARs for suspicious patterns const sarTriggers = { rapid_movement: { threshold: '$10000_in_1_hour', action: 'auto_file_sar' }, structuring: { pattern: 'multiple_9999_transactions', action: 'auto_file_sar' }, unusual_pattern: { detection: 'ml_anomaly_detection', action: 'manual_review' } }; // Manual SAR filing const sar = await stateset.compliance.fileSAR({ account_id: 'acc_123', transaction_ids: ['tx_456', 'tx_789'], suspicious_activity: 'Unusual transaction pattern', narrative: 'Customer made 50 transactions of $9,999 each within 24 hours' }); ``` ## 🌍 Cross-Border Compliance ### FATF Travel Rule ```javascript theme={null} // Include required information for cross-border transfers const crossBorderTransfer = await stateset.stablecoin.transfer({ amount: '15000.00', to: 'stateset1recipient...', travel_rule_info: { originator: { name: 'John Smith', account: 'stateset1sender...', address: '123 Main St, San Francisco, CA 94105', national_id: 'US123456789' }, beneficiary: { name: 'Acme Corp', account: 'stateset1recipient...', address: '456 Business Ave, London, UK' } } }); ``` ### Currency Controls ```javascript theme={null} // Check country-specific restrictions const restrictions = await stateset.compliance.checkRestrictions({ from_country: 'US', to_country: 'CN', amount: '50000.00', purpose: 'trade_payment' }); if (restrictions.requires_declaration) { await stateset.compliance.fileDeclaration({ type: restrictions.declaration_type, amount: '50000.00', purpose: 'Import payment for electronics' }); } ``` ## 📋 Compliance Dashboard ### Real-Time Monitoring ```javascript theme={null} // Get compliance overview const dashboard = await stateset.compliance.getDashboard({ period: '30d' }); // Response { "compliance_score": 98.5, "total_transactions": 15234, "flagged_transactions": 23, "resolved_flags": 20, "pending_reviews": 3, "sar_filed": 1, "sanctions_hits": 0, "kyc_verifications": { "total": 234, "approved": 225, "rejected": 5, "pending": 4 }, "risk_distribution": { "low": 14890, "medium": 321, "high": 23 } } ``` ### Audit Trail ```javascript theme={null} // Export compliance audit trail const auditTrail = await stateset.compliance.exportAuditTrail({ start_date: '2024-01-01', end_date: '2024-06-30', include: ['kyc_decisions', 'transaction_reviews', 'sar_filings'], format: 'csv' }); // Immutable on-chain record const proof = await stateset.compliance.recordAuditProof({ period: 'Q2_2024', hash: auditTrail.hash, attestor: 'chief_compliance_officer' }); ``` ## 🔐 Data Privacy ### GDPR Compliance ```javascript theme={null} // Handle data subject requests const gdprRequest = await stateset.compliance.processGDPR({ type: 'access_request', subject_id: 'user_123', verify_identity: true }); // Right to be forgotten (with regulatory retention) const deletion = await stateset.compliance.deletePersonalData({ subject_id: 'user_123', retain_for_compliance: true, retention_period: '7_years' }); ``` ## 🔗 Resources Detailed compliance procedures Latest regulatory changes Compliance training materials Compliance API documentation