• AML
  • Qui Tam
  • SEC
  • CFTC
  • FCPA
  • FAQS
Demand Protections for Artificial Intelligence Whistleblowers | Take Action!
Subscribe
Donate
Get Help
No Result
View All Result
Whistleblower Network News
The Truth at Any Cost.
Qui Tam, Compliance and Anti-Corruption News.
Whistleblower Network News
No Result
View All Result
Home Opinion

The Most Important Anti-Corruption Bill in Years Hangs in the Balance

The views expressed by contributors are their own and not the view of Whistleblower Network News

Max KohnbyMax Kohn
December 19, 2022
in Opinion
Reading Time: 4 mins read
Whistleblower Experts Fear That Loopholes May Undermine New Anti-Money Laundering Whistleblower Law
Share on TwitterShare on FacebookShare on LinkedInEmail

Congress must find a way to advance the critical bill Anti-Money Laundering Whistleblower Improvement Act (S.3316/H.R.7195) and work together for the sake of our nation and democracy as a whole. Money laundering is a threat to every institution we hold dear. There are lives, national security issues, and our freedom at stake. The advocacy you are seeing from National Whistleblower Center and other organizations reflects the importance of these improvements to the FinCEN program and the fact that they are urgently needed. Congress cannot put whistleblower issues on hold while rich criminals shop for Christmas presents with laundered money. 

There is genuine public support for H.R.7195. This bill is critical, and so many people understand that we are in precarious times and need every tool at our disposal to stop anti-democratic forces. 

Here is what we know: 

Register for National Whistleblower Day Register for National Whistleblower Day Register for National Whistleblower Day
  • We know that oligarchs and despots freeride on the stability of our banking system by engaging in undetected financial crimes and sanctions evasion. 
  • We also know that whistleblowers are in the best position to detect these crimes and put an end to illegal money laundering schemes. 
  • Globally, whistleblower tips account for over 50% of successful anti-fraud actions, far outperforming independent government investigations. 
  • Whistleblowers programs without awards are historically underutilized. That is why programs have been and should continue to be, updated to include mandatory rewards. 
  • Reward programs radically increase the number of tips provided > which in turn increases the number of successful investigations > which increases the scale of recoveries by the United States. 
  • Recoveries include recaptured monies, illicitly obtained assets, and penalties. They are also an incredible deterrent. 
  • Whistleblower programs with mandatory – reward provisions consistently net multiple times more than they cost to operate. And whistleblower rewards come directly from sanctions – not from taxpayers.

NWC’s efforts are central to our mission to support whistleblowers and advance best practices such as anonymity, anti-retaliation, and rewards. 

H.R. 7195 is critical to achieving major improvements in options for global whistleblowers who could radically increase the success of transnational anti-corruption and anti-money laundering efforts. NWC’s founders and a dedicated team spearhead our advocacy efforts and have fought to improve whistleblower protections since 1988. 

Anti-money laundering is a critically important issue that is becoming unavoidable to address. I recently participated in the International Anti-Corruption Conference, organized by Transparency International and the State Department. NWC held a workshop highlighting the value of strong U.S. whistleblower programs and the value these programs bring to transnational anti-corruption efforts. During the conference, speakers on nearly every panel raised anti-money laundering enforcement mechanisms as a major tool to combat transnational corruption. Participants raised questions specifically about how to protect AML whistleblowers. 

Jake Sullivan, the National Security Advisor to the President, mentioned whistleblowers several times in his remarks at the conference. He also spoke about efforts the Biden administration is taking to combat money laundering. The Treasury just issued another proposal to update its rules on beneficial ownership. Everyone is talking about and taking action on this issue because this issue is critically important. 

Action is needed now. 

NWC has advocated for effective whistleblower incentives in the FinCEN program for years. Only Stephen Kohn, Jane Turner, and Fred Whitehurst’s passion for this bill exceeds mine. They lead the charge, educate and inspire the public to express their views. I am grateful to every person who calls Rep. DeLauro’s office. I hope their courage encourages her to make this bill law to improve our weapons in the fight against corruption and kleptocracy in 2023.

Previous Post

FBI Whistleblowers Call for Passage of AML Whistleblower Bill

Next Post

VICTORY: Congress Passes Historic Anti-Corruption Whistleblower Law

Max Kohn

Max Kohn

Max Kohn is a reporter with Whistleblower Network News, specializing in investigating through the Freedom of Information Act (FOIA). Max graduated from college with a degree in History, where he researched early American labor movements. Max has worked on several political campaigns including most recently in Juneau, Alaska, where he currently resides.

Next Post
False Claims Act

VICTORY: Congress Passes Historic Anti-Corruption Whistleblower Law

Receive Daily Alerts

Subscribe to receive daily breaking news and legislative developments sent to your inbox.

  • This field is for validation purposes and should be left unchanged.

Most Popular

Whistleblower Advocates Take Issue with New York’s Policy of Favoring Arbitration

Whistleblowers to Receive Up to $920K after Alleging Fraud in Breast Cancer Testing

Supreme Court Upholds, For Now, Trump Firing of MSPB Chair

Whistleblower Suit Leads to $3.3 Million Stark Law Settlement

Paper Outlines Founding Father’s Warnings As Trump Goes After Key Whistleblower Appointees

Whistleblower Receives $5 Million for Exposing California Health System’s Alleged Kickback Scheme

Whistleblower Poll

Whistleblower Poll
Whistleblower Poll

Exclusive Marist Poll: Overwhelming Public Support Among Likely Voters For Increased Whistleblower Protections

byGeoff Schweller
October 6, 2020

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

STAY INFORMED.
Subscribe to receive breaking whistleblower updates.

  • This field is for validation purposes and should be left unchanged.

About Us

  • About
  • Contact Us
  • Donate
  • Careers

Subscribe

  • Daily Mail
  • Follow us on Twitter
  • YouTube Channel

Contribute

  • Letter to the Editor
  • Submission Guidelines
  • Reprint Guidelines

Your Experience

  • Accessibility Statement
  • Privacy Policy
  • Terms of Use

Help

  • Rules for Whistleblowers
  • Frequently Asked Questions
  • Advertise
Whistleblower Network News

Whistleblower Network News is an independent online newspaper providing our readers with up-to-date information on whistleblowing. Our goal is to be the best source of information on important qui tam, anti-corruption, compliance, and whistleblower law developments.

Submit an Article

Copyright © 2025, Whistleblower Network News. All Rights Reserved.

This Newspaper/Web Site is made available by the publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this website, you understand that there is no attorney-client relationship between you and the Newspaper/Web Site publisher. The Newspaper/Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

Become a Whistleblower Network News Subscriber

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Subscribe to WNN

Retrieve your password

Please enter your username or email address to reset your password.

Subscribe to WNN
Join the Waitlist for National Whistleblower Day 2025! July 30, 2025 on Capitol Hill
JOIN WAITLIST

Add New Playlist

Demand Protections for Artificial Intelligence Whistleblowers

Take Action!
No Result
View All Result
  • Exclusives
  • Government
    • False Claims-Qui Tam
    • Federal Employees
    • Intelligence
  • Corporate
    • CFTC & Commodities
    • Dodd-Frank
    • IRS & Tax
    • SEC & Securities
  • Features
  • Legislation
  • International
    • Foreign Corruption
  • Rewards
  • Whistleblower of the Week
  • Environment & Climate
  • Opinion
  • Editorial
  • Employment
    • Sarbanes-Oxley Whistleblowers
    • Retaliation
    • OSHA
  • Make National Whistleblower Day Permanent
  • Media
    • Podcasts
    • Videos
    • Webinars
    • National Whistleblower Day
  • Whistleblower Poll
  • Whistleblower Resources
    • Frequently Asked Questions
    • Resources for Locating An Attorney
    • The New Whistleblowers Handbook

Copyright © 2024, Whistleblower Network News. All Rights Reserved.

Go to mobile version