Federal Register #2026-06271

FinCEN Proposed Rule for Whistleblower Incentives and Protections

This opportunity concerns a proposed regulatory rulemaking by the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department: - The rule aims to establish a whistleblower program for reporting violations of key financial crime statutes: - Bank Secrecy Act (BSA) - International Emergency Economic Powers Act (IEEPA) - Trading With the Enemy Act (TWEA) - Foreign Narcotics Kingpin Designation Act (Kingpin Act) - Key program features include: - Incentives and protections for whistleblowers - Procedures for submitting information and applying for awards - Eligibility requirements and adjudication processes - Anti-retaliation and confidentiality safeguards - Implements section 6314 of the Anti-Money Laundering Act of 2020 and the Anti-Money Laundering Whistleblower Improvement Act - Expands the scope of covered actions and guarantees whistleblowers a minimum percentage of monetary sanctions collected - No OEMs, vendors, or product/service procurements are involved; this is a regulatory solicitation seeking public comment - The initiative is intended to strengthen enforcement against financial crimes and money laundering

Description

The Treasury Department's Financial Crimes Enforcement Network (FinCEN) has issued a proposed rule to establish a whistleblower program that offers incentives and protections for individuals reporting potential violations of the Bank Secrecy Act, International Emergency Economic Powers Act, Trading With the Enemy Act, and Foreign Narcotics Kingpin Designation Act. The program aims to encourage voluntary reporting of such violations to enhance enforcement efforts against financial crimes, money laundering, and related offenses. The proposed rule outlines procedures for submitting information, eligibility for awards, application processes, adjudication, and whistleblower protections. Public comments are invited until June 1, 2026.

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