FinCEN proposes a rule to fully implement its Whistleblower programme, offering 10–30% of recovered penalties to incentivise insiders to expose fraud, sanctions breaches, and illicit finance

The rule outlines a robust whistleblower framework covering violations of the Bank Secrecy Act, U.S. sanctions, and other financial crime laws, enabling individuals to securely submit tips and apply for awards, with 10–30% of monetary penalties available for successful cases, strong anti-retaliation protections in place, and a 60-day public consultation period, all aimed at enhancing the detection of fraud, sanctions breaches, and broader illicit finance…