The program provides new financial incentives for whistleblowers to report information about potential violations of money laundering and sanctions laws.
By Joseph M. Bargnesi, Les P. Carnegie, Andrew P. Galdes, Eric S. Volkman, Douglas K. Yatter, Jewel Drigo, Allayne Thomas, and Nicole Kerrigan
On March 30, 2026, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking (NPRM) to establish a whistleblower program designed to encourage the reporting of information about potential violations of money laundering and sanctions laws.
Among other things, the NPRM: (i) proposes procedures for whistleblowers to share tips and apply for an award; (ii) sets forth the eligibility criteria for making awards and the process for adjudicating award applications; (iii) provides for awards of between 10% and 30% of collected monetary penalties for individuals whose tip leads to a successful enforcement action by Treasury or the US Department of Justice; and (iv) establishes protections for whistleblowers who provide information through the whistleblower program.
The NPRM implements the Anti-Money Laundering Act of 2020 and the Anti-Money Laundering Whistleblower Improvement Act. It comes in the wake of President Trump’s March 2025 executive order “Protecting America’s Bank Account Against Fraud, Waste, and Abuse,” which declared that “[i]t is the policy of the United States to defend against financial fraud and improper...
Police say Nepal’s rescue fraud case is real, but claims that guides poisoned tourists remain unproven. Nepal’s mountain tourism industry is facing fresh scrutiny after a major investigation into f...