Remember the 2008 financial crisis when the economy did a massive face-plant? The Dodd-Frank Act is the big rulebook that was created in response. Think of it as a referee for Wall Street, designed to prevent another meltdown. It put new regulations on banks and financial institutions to protect consumers and the economy from risky behavior. In short, it’s the financial world’s version of “we need to have a serious talk about what just happened and make sure it never happens again.”
AML Whistleblower Act Rulemaking: Key Recommendations for FinCEN’s Final Regulations
In a 2023 letter to Attorney General, Secretary of the Treasury, and FinCEN Director, Kohn argued that the new AML whistleblower regulations must not only replicate the existing SEC and…
