Anti-Money Laundering Whistleblower Improvement Act

United States117th CongressS-3316Senate
Updated: Dec 8, 2022

Summary

Anti-Money Laundering Whistleblower Improvement Act This bill revises the management of whistleblower incentive awards for individuals providing original information relating to illegal monetary transactions, money laundering, or other financial crimes. Specifically, the bill establishes a minimum award for whistleblowers of not less than 10 percent of the collected monetary sanctions. Further, the bill establishes the Financial Integrity Fund for the payment of such awards. The fund is comprised of collected monetary sanctions and investments of the fund.

Bill texts

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Timeline

  1. Measure laid before Senate by unanimous consent. (consideration: CR S7037-7038)

    Senate

  2. Message on Senate action sent to the House.

    Senate

  3. Received in the House.

    House of Representatives

  4. Held at the desk.

    House of Representatives