Contact Us
The Law Offices of Paul D. Scott, P.C.
435 Pacific Avenue, Suite 200
San Francisco, CA • 94133
Tel: 415-981-1212 • Fax: 415-981-1215
Email: counsel@lopds.com
The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) administers the Anti-Money Laundering Whistleblower Reward Program, passed into law as part of the Anti-Money Laundering Act of 2020 (AMLA). The program provides for mandatory awards to qualifying whistleblowers who provide information about violations of the Bank Secrecy Act (BSA), the principal law used by the Government to prosecute money laundering.
The Anti-Money Laundering Reward program provides for awards of up to 30% of monetary sanctions imposed by the government based on whistleblower tips. The Department of Justice may use whistleblowers’ information to bring civil, criminal or forfeiture actions against those who violate the BSA.
Typical violations often include systemic noncompliance with the requirements of the BSA, such as the following: a bank’s failure to file the required paperwork for a suspicious transaction, known as a Suspicious Activity Report (SAR); a failure to register with FinCEN by a Money Services Business (including exchangers and administrators of convertible virtual or crypto currencies); or a failure to create and maintain an anti-money laundering program. Whether FinCEN and other enforcement agencies pursue BSA violations depends on a range of factors including the nature and seriousness of the violations; their impact on the financial system; the pervasiveness of wrongdoing within an entity; any history of similar violations; and, financial gain arising from the violations
If you would like a confidential consultation to learn more about the program before contacting federal authorities, contact counsel@lopds.com
The Law Offices of Paul D. Scott, P.C.
435 Pacific Avenue, Suite 200
San Francisco, CA • 94133
Tel: 415-981-1212 • Fax: 415-981-1215
Email: counsel@lopds.com
Please be advised that this website is an information resource and is not intended to provide legal advice in your particular case. We would be pleased to conduct a confidential review of your potential claim, but by doing so we are not agreeing to act as your counsel. A written agreement between you and the Law Offices of Paul D. Scott is prerequisite to representation. Past successes by the firm do not guarantee future results.
The Law Offices of Paul D. Scott, P.C.
435 Pacific Avenue, Suite 200
San Francisco, CA • 94133
Tel: 415-981-1212 • Fax: 415-981-1215
Email: counsel@lopds.com