Rather than reporting your boss to HR what are the opinions of others re reporting him to legal / compliance? You're dealing with Federal compliance issues, od

Rather than reporting your boss to HR what are the opinions of others re reporting him to legal / compliance? You're dealing with Federal compliance issues, odds are there is a nominated person at your company who is responsible for it (there certainly is re money laundering for instance). That means there is probably a company policy saying who you should inform, rather than just telling the person you think is not complying you're often supposed to escalate it. The danger is to do with what happens if the Feds do come calling, your being fired and not having raised your concerns elsewhere does run the risk of career blowback. IANAL, or particularly aware of Federal compliance rules.