National Whistleblower Center Celebrates House and Calls on Senate to Take Action for AML Whistleblowers

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National Whistleblower Center Celebrates House and Calls on Senate to Take Action for AML Whistleblowers

WASHINGTON, D.C. | June 23, 2022 — On June 22nd,  the House Committee on Financial Services unanimously supported H.R.  7195 a bill introduced by Representative Alma Adams [D-NC]. National Whistleblower Center has supported this bill since it was introduced in [date], and the hearing memorandum cites to National Whistleblower Center comments. The bill, “to provide for certain whistleblower incentives and protections” establishes a mandatory minimum 10% to 30% award for AML whistleblowers, creates a fund for those awards to be paid out of, and expands the scope of the program to include violations of three new statues: the International Emergency Economic Powers Act, the Foreign Narcotics Kingpin Designation Act, and the Trading with the Enemy Act.

NWC celebrates this incredible development for the critical whistleblowers who help fight Russian aggression and the financial crimes that support dangerous regimes which threaten our democracy. You can learn more by watching our panel on Tax Whistleblowers and reading our Sunday Read on the topic.

NWC sent a letter to Senators Sherrod Brown, Chairman, and Patrick Toomey, Ranking Member, of the Senate Committee on Banking, Housing and Urban Affairs, urging legislators to enact Senate Bill 3316. Introduced and sponsored by Senator Chuck Grassley (R-IA) and Senator Raphael Warnock (D-GA). S. 3316 operates alongside House Bill H.R. 7195, with each looking to strengthen America’s anti-money laundering laws. Specifically, NWC focused its attention on the power that these revised laws would have on combatting Russian corruption fueled by money laundering. NWC has received support from other major whistleblower advocacy groups, including Taxpayers Against Fraud, the Government Accountability Project, and the Project on Government Oversight.

NWC encourages you to join us in celebrating this incredible will for whistleblowers by sending your representative a thank you note using this form.

Plans for National Whistleblower Day continue to be in the works, and the best way to stay updated is to RSVP for the event. NWC is a 501(c)3 non-profit organization, and this work is made possible by our generous donors. Please donate to support our annual celebration.

NWC Executive Director Siri Nelson is available for comment. For more information, contact NWC at info@whistleblowers.org.

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