Anti-Financial Crime & Financial Crime Compliance
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AML, Financial Crime, Sanctions

INSIGHT: New AML whistleblower law in United States is real game changer in enforcing Russian sanctions

LAW: Senator Charles Grassley (pictured) the principal sponsor of the bill said a primary target of the new law was Russia: "Given the expansive sanctions we've implemented on Russia as they wage an unjust war in Ukraine, our legislation is urgently needed to hold bad actors accountable."

By Stephen M.Kohn

One of the last actions taken by the United States Congress in 2022 was enacting a new whistleblower law.

The Anti-Money Laundering (AML) Whistleblower Improvement Act, which the author’s firm actively supported, will have a direct impact on the ability of US law enforcement agencies to track down assets held by Russian oligarchs and sanctioned entities.

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