FinCEN Whistleblower Bulletin: Blow the Whistle on Fraud-Related AML and Sanctions Violations

FinCEN is accepting tips from the public regarding violations of the Bank Secrecy Act or OFAC-administered sanctions programs that involve, enable, or arise out of suspected fraud schemes. Individuals providing information that leads to a successful enforcement action resulting in monetary penalties exceeding $1,000,000 may be eligible for a monetary award under 31 U.S.C. § 5323. The bulletin highlights specific areas of interest, including failures in customer due diligence, deficient controls against structuring or virtual currency scams, and non-compliance with Geographic Targeting Orders.

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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) maintains a whistleblower incentive program for members of the public to submit information about violations of certain statutes enforced by Treasury and the Department of Justice (DOJ), including the Bank Secrecy Act (BSA) and the national security laws that serve as the foundation for the U.S. trade and economic sanctions administered by Treasury’s Office of Foreign Assets Control (OFAC).1

FinCEN is accepting tips about individuals or entities that may be violating the BSA or OFACadministered sanctions programs, or that are conspiring to do so. In particular, FinCEN is interested in information about violations of these statutes that may involve, enable, or arise out of a suspected fraud scheme. On March 25, 2025, President Trump issued Executive Order (E.O.) 14249, Protecting America’s Bank Account Against Fraud, Waste, and Abuse, declaring that it is the policy of the United States to defend against financial fraud and improper payments that threaten the integrity of Federal programs and undermine trust in Government.2 As set out in Treasury’s 2024 National Money Laundering Risk Assessment, fraud continues to be the largest source of illicit proceeds in the United States.3

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Source: Financial Crimes Enforcement Network — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works