Compliance personnel increasingly bring retaliation and whistleblower claims against their employers. Their job, after all, is to help their employers comply with legal and regulatory obligations. If they are disciplined for poor job performance, however, they may claim that the discipline is based on their having brought regulatory violations to their employers’ attention, and not their own job performance problems.

On Jan. 1, 2021, Congress enacted the Anti-Money Laundering Act (AMLA). The AMLA establishes new whistleblower protections for employees of financial services institutions. Among other things, the AMLA significantly increases the potential value of awards for whistleblowers under the Bank Secrecy Act (BSA).

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