• Key insight: The Financial Crimes Enforcement Network is proposing rewards of up to 30% for information that leads to successful illicit activity penalties.
  
• Supporting data: Whistleblowers could earn 10 to 30% of the collected monetary penalties resulting from tips.
  
• Expert quote: "President Trump has been clear that Americans have a right to know that their tax dollars are not being diverted to fund acts of global terror or to fund luxury cars for fraudsters," said Treasury Secretary Scott Bessent. "At Treasury, we follow the money, and we strongly encourage individuals to come forward with credible tips to help safeguard our financial system."

Treasury's Financial Crimes Enforcement Network on Monday proposed a rule to formally establish rewards for its illicit activity whistleblowers, allowing awards of 10% to 30% of monetary penalties collected from enforcement actions stemming from their tips.

Read Full Story: https://news.google.com/rss/articles/CBMinAFBVV95cUxOemtuR3pIWERhSFZkRHF2eGV1...