December 9 is International Anti-Corruption Day (IACD): the date was designated by the United Nations’ (UN) General Assembly on October 31, 2003. 2022’s commemoration of IACD “seeks to highlight the crucial link between anti-corruption and peace, security, and development” and recognizes that it is everyone’s right and responsibility to fight corruption.

In this article, learn about critical anti-corruption legislation in the U.S. that is waiting to be passed and get insights on how whistleblowers are key in the fight against corruption.

The Anti-Money Laundering Whistleblower Act: Critical Anti-Corruption Legislation

On December 7, the U.S. Senate voted unanimously, 100-0, to pass the Anti-Money Laundering (AML) Whistleblower Improvement Act. The bill extends Dodd-Frank style whistleblower rights to individuals reporting money laundering and sanctions violations.

The bill is essential to holding Russian oligarchs accountable. By incentivizing whistleblowers, the bill will allow the U.S. to crack down on the money laundering and sanctions-busting schemes of Russian oligarchs. It is these illicit financial streams which are helping fund Putin’s war machine.

Currently, whistleblowers reporting sanctions violations are not protected under any U.S. whistleblower laws and money-laundering whistleblowers are not afforded the same rights as corporate whistleblowers. The AML Whistleblower Improvement Act addresses these current legislative shortcomings.

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