New AML Whistleblower Law

4th January 2023

On December 23, 2022, Congress agreed to include the AML Whistleblower Improvement Act as part of the Omnibus Budget signed into law by President Biden. A new era of robust transnational whistleblower protections commenced. Whistleblowers from around the world now have a pathway to combat corruption effectively. For the first time in history, whistleblowers from any country have the right to anonymously and confidentially report money laundering and sanctions-busting to the U.S. Departments of Justice or Treasury. If their information results in a successful prosecution, they could receive between 10-30% of the sanctions obtained by the wrongdoers.