FinCEN Launches New Online Whistleblower Portal

The Financial Crimes Enforcement Network (FinCEN) recently announced that it launched a dedicated online whistleblower portal to confidentially accept whistleblower tips on fraud, money laundering, and sanctions violations. 

Individuals who voluntarily provide such tips may be eligible for awards if the information they provide leads to a successful enforcement action brought by the Department of the Treasury or the Department of Justice resulting in monetary penalties exceeding $1,000,000, and otherwise meet certain statutory requirements under the Anti-Money Laundering Act of 2020 and the AML Whistleblower Improvement Act of 2022.