Learn more about the Anti-Money Laundering Act (AML Act) and how you can anonymous file AML complaints to FinCEN. Find out how you can qualify for rewards under the AML and other award programs.
If you have information about a potential money laundering case, you may be eligible to file an anonymous claim. The claim should be filed with FinCEN, the Financial Crimes Enforcement Network. However, the law requires that a licensed attorney file the anonymous claim on your behalf.
The Anti-Money Laundering Act (AML Act) is a federal law in the United States that aims to prevent and combat money laundering and terrorist financing. It is part of the Bank Secrecy Act which requires financial institutions to have strict “know your customer” rules and mandates the filing of “Suspicious Activity Reports, or “SARS.”
FinCEN is the Financial Crimes Enforcement Network, which is a bureau of the U.S. Department of the Treasury. It is responsible for implementing and enforcing regulations that are designed to prevent money laundering, financing of terrorism, and other financial crimes.
Foreign bribery is the act of offering, promising, giving, or accepting a bribe to a foreign official, political party, or candidate for public office to influence the recipient's actions or decisions to obtain or retain business or to secure an improper advantage. Foreign bribery is also known as transnational bribery or international bribery.
Under the U.S. Treasury Department, the purpose of the Kleptocracy Asset Recovery Rewards Program is to combat foreign government corruption, and to recover stolen assets or forfeit proceeds.
Filing a reward claim based on AML violations is extremely complex, as there are at least three reward laws that may be applicable to the claim, and each has separate filing rules. Continue reading to get a short and concise overview of the filing process.
Money laundering is the process of taking large amounts of illegally obtained funds and making their source seem legitimate. Money earned through criminal activity is considered “dirty,” and through money laundering it becomes “clean.” Once cleaned, the money can be used without being traced back to the criminal activities it originated from.