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TREAS/FINCEN | RIN: 1506-AB57 | Publication ID: Fall 2024 |
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 and U.S. economic sanctions. The proposed regulations would implement section 6314 of the Anti-Money Laundering Act of 2020, as well as the Anti-Money Laundering Whistleblower Improvement Act, which further amended 31 U.S.C. 5323 by establishing a revolving fund (the Financial Integrity Fund) from which awards can be paid without the need for further appropriations. |
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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: 31 U.S.C. 5323 |
Legal Deadline:
None |
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Timetable:
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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 |