FinCEN Proposes Rule to Increase Whistleblower Incentives

FinCEN has published a Notice of Proposed Rulemaking ("NPRM") that would formalize and expand its whistleblower program, offering potentially substantial financial payouts to whistleblowers reporting certain financial crimes. According to FinCEN's announcement , this initiative is designed to incentivize and protect individuals who report violations of major financial crime laws-specifically, the…