FinCEN Opens Confidential Whistleblower Channel with Rewards for Financial Crimes
TL;DR Summary
FinCEN launched a confidential whistleblower tip portal for fraud, money laundering, and sanctions violations, offering rewards for tips that lead to enforcement. In Minnesota, Treasury announced anti-fraud actions including probing Money Services Businesses, speeding reporting to support prosecutions and recover laundered funds, disrupting fraud rings tied to child nutrition programs, and training law enforcement to use financial data; the IRS will form a dedicated fraud task force to address misuse of 501(c)(3) funds.
- Treasury Accepting Whistleblower Tips on Fraud, Money Laundering, Sanctions Violations U.S. Department of the Treasury (.gov)
- US Treasury sets up website for whistleblower tips on fraud, money laundering Yahoo Finance
- Bessent: Whistleblower effort relates to government programs Forex Factory
- FinCEN launches whistleblower portal, seeking tips on BSA and sanctions violations Compliance Week
- NEWS: US launches new whistleblower portal, seeking tips on financial crime AML Intelligence
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