FinCEN Strengthens the AML Whistleblower Program

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The Financial Crimes Enforcement Network anti-money laundering whistleblower program was enacted on Jan 1, 2021. The program was created to receive information and tips related to the violations of the anti-money laundering laws, including, Inadequate or weak Know Your Customer (KYC) verification and Customer Due Diligence (CDD) processes Failure to report or file suspicious transactions …

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