The Treasury Department’s Financial Crimes Enforcement Network has submitted a proposed rule to establish a formal framework for its whistleblower program, offering incentives and protections for individuals reporting fraud, sanctions violations, and other illicit financial activity.
The proposal outlines procedures for submitting tips and applying for awards, with whistleblowers eligible to receive 10 to 30 percent of monetary penalties collected in enforcement actions by Treasury or the Department of Justice.
Treasury Secretary Scott Bessent said the program will reward individuals who provide “timely, actionable information” and is aimed at preventing taxpayer funds from being diverted to criminal activity or foreign threats.
