Regulatory Alerts2026-02-13 | PDF OnlyAdded
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.