Anti-Money Laundering Whistleblower Improvement Act Passes, Marking Win for Whistleblowers

On December 23, 2022, U.S. Congress included the Anti-Money Laundering (AML) Whistleblower Improvement Act as part of the Omnibus spending package and was signed into law by President Biden. Modeled on whistleblower provisions included in the Dodd-Frank Act, the act expands incentives and protections for whistleblowers, and is likely to add support for whistleblowers who report violations of U.S. Sanction Laws, particularly in relation to Russian oligarchs. The AML Whistleblower Improvement Act passed with bipartisan support and had a number of sponsors including Congresswoman Alma Adams, Senator Charles Grassley, and Senator Raphael Warnock.

Whistleblowers from any country are now given the right to anonymously and confidentially report money laundering and violations of sanctions to the U.S. Department of Justice or the U.S. Department of the Treasury. Whistleblowers are eligible to receive between 10-30% of the sanctions obtained by the wrongdoers if the information given results in successful prosecution.

Henrichsen Law Group, P.L.L.C. has experience with claims involving financial crime transactions and whistleblowing actions. If you believe you have been retaliated against for reporting, complaining, or objecting to violations of federal, state, or local laws or regulations, contact Henrichsen Law Group, P.L.L.C. for a confidential consultation at