There is absolutely such a thing as a late whistle, in relation to whistle timing. If an official wants to call this handcheck play at the elbow he needs to be much quicker with his whistle timing. Remember, quick above the FT line and slow and patient below because we have plays to the basket (such as this one).

This player already has a full head of steam and is well in motion to the basket by the time he gets to the FT line, thus the official should be patient and either no call the made layup or come in with an and-1.

Additionally, given the time and score the official should absolutely have a later whistle cadence to be awarding shots on this play. Don't look for reasons to not award Free Throws.