Want to be AML Whistleblower? Not So Fast


You work in the anti-money laundering department of a major bank or brokerage and overhear a conversation about how suspicious activity reports are not being filed on a particular client; how the transaction monitoring system is not working properly; or how wire transfers are being made to a country or individual on a US sanctions list.

Do you: a) tell your supervisor about your concerns of a potential regulatory violation and fine; b) forget what you heard; or c) call a regulatory agency and hope to win an award? Until now, choices a and b were generally the only practical ones available. 


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