The Treasury Department's Anti-Money-Laundering (AML) Whistleblower Program will improve due to the recent changes to the omnibus spending bill. According to the Wall Street Journal, many lawyers predict the expansion will result in more whistleblower cases.
The legislation contains significant changes to the Treasury program. The changes include setting a minimum potential award of 10 percent monetary penalties in any enforcement action.
Additionally, the program will accept tips on sanctions-evasion violations. Many expect the new program to reveal more sanctions violations by Russian officials, drug dealers, terrorists and corrupt government officials.
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