Proposed FinCEN rule sets 10–30% awards and protections to boost reporting of illicit activity.
The US Treasury has taken a key step toward strengthening its enforcement toolkit, advancing a proposal to fully implement a whistleblower program aimed at uncovering financial crimes tied to fraud, sanctions breaches, and money laundering.
FinCEN has submitted a Notice of Proposed Rulemaking to the Federal Register outlining how individuals who report misconduct could be rewarded and protected under a formalized system.
The initiative is designed to encourage tipsters to come forward with actionable intelligence that could support enforcement actions across multiple statutes critical to the integrity of the US financial system.
“As promised, Treasury will reward whistleblowers who provide timely, actionable information on fraud, sanctions violations, and other significant illicit finance activity,” said Secretary of the Treasury Scott Bessent. “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. At Treasury, we follow the money, and we strongly encourage individuals to come forward with credible tips to help safeguard our financial system.”
Under the proposed framework, FinCEN would establish clear channels for submitting tips securely and promptly, along with a formal process for applying for financial awards. The rule also details how eligibility...
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