Category: anti money laundering whistleblowers

The promise and the wire

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*A story of UBS, ten billion dollars, and the second time they were caught.*

By Jeffrey A. Newman, Esq.MBA with help from ai Claude

There are things that happen by mistake, and there are other things which don't happen by mistake. The key is to see which one it is when the facts are...
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New Treasury Department whistleblower rewards anti-money laundering treasury law expected to lead to large rewards in bank investigations

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A new treasury Department whistleblower rewards law that took effect on January 1 is called the Anti-Money Laundering Act of 2020. It created a new whistleblower program to encourage insiders at banks to report finance institutions violations of the Bank Secrecy Act.  Those subject to this new law include banks, credit unions, money service...
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