Quick Hits
- FinCEN has launched a confidential webpage for reporting tips on fraud, money laundering, and sanctions violations, enhancing support for whistleblowers.
- Whistleblowers reporting violations to FinCEN are protected from retaliation by their employers and may receive rewards ranging from 10 percent to 30 percent of monetary sanctions that exceed $1 million, once new regulations are finalized.
Q: What types of whistleblower tips are considered under this new website?
A: FinCEN’s Office of the Whistleblower accepts tips related to bank or mortgage fraud, wire or check fraud, identity theft, money laundering, U.S. sanctions violations, tax evasion, online scams, and government benefit fraud schemes. FinCEN helps to enforce the Bank Secrecy Act of 1970, the U.S. Patriot Act of 2001, the Anti-Money Laundering Act of 2020, the International Emergency Economic…
Avoid using public Wi-Fi networks for banking or shopping, as these unencrypted “hotspots” allow criminals to intercept your traffic through “Man-in-the-Middle” attacks.