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TREAS/FINCEN

RIN: 1506-AB57

Publication ID: Spring 2023

Title: Section 6314. Updating Whistleblower Incentives and Protection
Abstract: FinCEN intends to issue a notice of proposed rulemaking to establish a whistleblower award program for eligible individuals that provide information regarding certain violations of the Bank Secrecy Act (BSA) and U.S. economic sanctions. The proposed regulations would implement section 6314 of the Anti-Money Laundering Act of 2020 (AML Act) and the Anti-Money Laundering Whistleblower Improvement Act (AML Whistleblower Improvement Act), enacted into law as part of the National Defense Authorization Act for Fiscal Year 2021 (NDAA) and the Consolidated Appropriations Act, 2023, respectively. Pursuant to the proposed regulations, potential whistleblowers would voluntarily provide information regarding violations to FinCEN, the Department of Justice, or a whistleblower’s employer.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 31 CFR ch. X (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 1829b 12 U.S.C. 1951 to 1960 31 U.S.C. 5311 to 5314 31 U.S.C. 5316 to 5336

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	07/00/2023
NPRM Comment Period End	09/00/2023

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: FinCEN Regulatory Support Section Department of the Treasury Financial Crimes Enforcement Network P.O. Box 39, Vienna, VA 22183 Phone:800 767-2825 Email: frc@fincen.gov