The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) submitted a Notice of Proposed Rulemaking to the Federal Register to fully implement its whistleblower program, establishing a framework of incentives and protections to encourage reporting of fraud-related violations of the Bank Secrecy Act, US sanctions programs administered by Treasury’s Office of Foreign Assets Control, and other laws. The proposal sets out procedures for submitting information and award applications in a timely and secure manner, eligibility criteria and adjudication processes for awards, and protections for whistleblowers who provide information to FinCEN’s program. It would provide awards of 10–30% of collected monetary penalties where a tip leads to a successful enforcement action by Treasury or the Department of Justice; FinCEN also noted the program is already codified in the Anti-Money Laundering Act of 2020 and the Anti-Money Laundering Whistleblower Improvement Act of 2022 and is currently accepting tips, including via a recently launched portal. Comments on the NPRM are due within 60 days of its publication in the Federal Register and will be publicly viewable on regulations.gov.
Financial Crimes Enforcement Network 2026-03-30
United States' Financial Crimes Enforcement Network proposes rule to fully implement whistleblower program with 10–30 percent awards for Bank Secrecy Act and sanctions tips
The U.S. Treasury’s Financial Crimes Enforcement Network has issued a Notice of Proposed Rulemaking to fully implement its whistleblower program, creating incentives and protections for reporting fraud-related violations of the Bank Secrecy Act, U.S. sanctions programs administered by OFAC, and other laws. The proposal details secure submission and award application procedures, eligibility and adjudication criteria, and protections for whistleblowers, and would provide awards of 10–30% of collected monetary penalties where tips lead to successful enforcement actions.