The Anti-Money Laundering (AML) Whistleblower Improvement Act, passed in December 2022, is expanding protections for whistleblowers disclosing global money laundering – specifically by Russian oligarchs – and violating U.S. sanctions. Whistleblowers stand to receive 10% to 30% of the value of fines collected from their reporting.
BKLW Partner Dan Goldman spoke with Best Lawyers about the broadening of potential sources for whistleblower claims with the passage of AML.
“While AML and sanctions-related compliance concerns used to be an area of focus only for large financial institutions,” Mr. Goldman said, “today, AML and sanctions-related issues affect a wide range of industries from cryptocurrency exchanges and payment processors to real estate and art market participants.”
Read more about the Anti-Money Laundering (AML) Whistleblower Improvement Act and its potential impacts via Best Lawyers’ Insights.
Learn more about BKLW’s whistleblower and qui tam practice, and its success in USA ex rel. Brown v. Celgene, which resulted in a record $280 million settlement and $78 million relator share for our client.