Weekly Roundup: US AML Whistleblower Program Will Fuel New Cases, FinCEN Targets Human Smuggling, and More

Lawyers expect the U.S. Treasury Department's anti-money laundering whistleblower program to generate more cases following legislative revisions at the end of 2022 that set minimum awards and established a revolving fund to pay them, The Wall Street Journal reported. More The U.S. Treasury's Financial Crimes Enforcement Network issued a list of eight red flags that may indicate transactions tied to human smugglers, ACAMS reported. More The top anti-money laundering officer, sanctions compliance officer and chief credit officer of Silvergate Capital, a cryptocurrency-friendly bank, were among 181 workers whom the lender laid off following a run on deposits, the San...