Momentum behind the EU’s anti-money laundering super authority (AMLA) is growing rapidly as it prepares to become operational by the start of 2024.

As regulators increase their scrutiny of fintechs, not only does this raise the risk of regulatory action and punitive fines, it can also lead to reputational damage and even prevent an otherwise promising early-stage business from fulfilling its potential.

The new US Whistleblower Protection Improvement Act is a transnational law that covers any organisation that deals in dollars and enables employees to report violations anonymously and confidentially. What’s more, they stand to receive between 10-30% of any sanction, fine, or penalty triggered by the disclosure, regardless of the size of the fine.