FinCEN Issues Proposed Whistleblower Rule to Incentivize AML Reporting and Compliance

The Financial Crimes Enforcement Network (FinCEN) on April 1, 2026, published a Notice of Proposed Rulemaking (Proposed Rule) regarding regulations implementing the whistleblower provisions of the Bank Secrecy Act (BSA). The lengthy Proposed Rule sets forth details regarding how whistleblowers, including compliance professionals, may seek an award if they voluntarily provide original information to the U.S. Department of the Treasury or U.S. Department of Justice (DOJ) that results in a... By: Holland & Knight LLP