AML Rewards
AML Whistleblower Program Rules Seen as Key in Global Fight Against Corruption
Whistleblower advocates heralded the Anti-Money Laundering (AML) Whistleblower Improvement Act, which passed Congress in December 2022, as one of the most important anti-corruption laws ever passed. Now, as the Treasury Department and Financial Crimes Enforcement Network (FinCEN) draft regulations implementing...
Deutsche Bank Fined $183 Million for AML Violations Stemming from Landmark Whistleblower Case
On July 19, the US Federal Reserve announced a $186 million fine levied against Deutsche Bank for “unsafe and unsound practices…relating to sanctions compliance and anti-money laundering controls.” “The Board found that Deutsche Bank made insufficient remedial progress under the...
AML Whistleblower Law Could Shift the Way DOJ Handles Whistleblowers
In recent years, whistleblower advocates have criticized the U.S. Department of Justice (DOJ) for the way it handles whistleblowers, specifically those filing claims under the False Claims Act (FCA). According to a leading whistleblower attorney, the recently passed Anti-Money Laundering...
With Whistleblower Law on the Books, U.S. Authorities Crack Down on Russian Sanctions
On December 29, President Biden signed the Anti-Money Laundering (AML) Whistleblower Improvement Act into law. The Act is a landmark piece of anti-corruption that, in addition to strengthening AML whistleblower protections, expands the AML Whistleblower Program to cover whistleblowers disclosing...
New AML Law Seen as a “Game Changer” in Fight Against Russian Corruption
The Anti-Money Laundering (AML) Whistleblower Improvement Act was signed into law by President Biden on December 29. The law has been described as “the most important transnational anti-corruption whistleblower law.” In a new article in Reuters, a leading whistleblower attorney...
Whistleblower Advocates Show Thanks to Congress Members Who Supported AML Bill
On January 12, the National Whistleblower Center (NWC) hand-delivered thank you letters to the offices of members of Congress who supported the Anti-Money Laundering (AML) Whistleblower Improvement Act. The bill, which was passed by Congress on December 23, has been...
AML Whistleblower Improvement Act Becomes Reality as President Biden Signs Omnibus Spending Bill into Law
On Thursday, December 29, President Biden signed the “Consolidated Appropriations Act, 2023,” a spending package for 2023. With this action, the Anti-Money Laundering (AML) Whistleblower Improvement Act has passed, and individuals blowing the whistle on money laundering and sanctions violations...
VICTORY: Congress Passes Historic Anti-Corruption Whistleblower Law
On December 23, Congress passed the Anti-Money Laundering (AML) Whistleblower Improvement Act as part of the Omnibus spending package. The AML Whistleblower Improvement Act has been championed by whistleblower advocates as a historic piece of anti-corruption legislation. “This law is...
FBI Whistleblowers Call for Passage of AML Whistleblower Bill
In a new op-ed published in the Connecticut Post, two Federal Bureau of Investigations (FBI) whistleblowers urge Representative Rosa DeLauro (D-CT) to support the Anti-Money Laundering (AML) Whistleblower Improvement Act. The whistleblowers, Frederic Whitehurst and WNN’s Jane Turner, argue that...
AML Reform is “Urgently Needed,” Says Senator Grassley
Congress is close to approving long-awaited reforms to the U.S. Treasury Department’s Anti-Money Laundering (AML) Whistleblower Program. On December 7, the Senate voted 100-0 to pass the bipartisan AML Whistleblower Improvement Act, which addresses loopholes in the AML Whistleblower Program...
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