In December, Congress passed the Anti-Money Laundering Whistleblower Improvement Act (S.3316/H.R.7195), which provided new incentives for whistleblowers to report acts of transnational money-laundering to U.S. government authorities. The new law provides that whistleblowers shall be compensated with no less than 10% nor more than 30% of the monetary funds collected through anti-money laundering sanctions. Previously, there had been no minimum reward provision. Moreover, the law establishes a Financial Integrity Fund to compensate the whistleblowers. Whistleblower advocates have hailed the new law as an important step in fighting transnational money laundering activities.
Congress was motivated to improve the incentives for whistleblowers in these cases by the war in Ukraine. By providing serious incentives to whistleblowers, Congress hopes to receive more information relating to the money laundering activities of Russian oligarchs contributing to the war in Ukraine. In our experience, properly incentivizing whistleblowers is the best way to stop fraud and illegal activity of this sort.
If you have information about transnational money laundering activities, we suggest you contact the experienced whistleblower team at the Law Office of Matthew Galluzzo. Mr. Galluzzo is a former Manhattan prosecutor with decades of experience who has been knighted by the French government for his legal services to their country. He may be able to help you submit your information to the government in the best possible way to receive maximum compensation.