On July 26, 2022 Bloomberg Law published an “investigation” into the Dodd-Frank Act whistleblower program. Its sensational lead paragraph concludes that the program “often ignores its own rules, shields much of its work from...more
Wall Street was stunned when, on October 21, 2021 the Commodity Futures Trading Commission (CFTC), a relatively obscure federal agency, announced a $200 million award payable to a whistleblower. This was the largest award...more
In 2006 Congress passed a qui tam whistleblower . It covered both tax frauds and underpayments, and also targeted illegal and undeclared offshore accounts secretly held by thousands of U.S. taxpayers. The law promised...more
Pursuant to a Directive enacted by the European Parliament and Council, all 27 nations within the European Union (EU) must “bring into force” whistleblower protection “laws, regulations and administrative provisions” by...more
6/4/2021
/ Anti-Retaliation Provisions ,
Corruption ,
CSPA ,
Dodd-Frank ,
EU ,
European Parliament ,
False Claims Act (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
Fraud ,
Incentives ,
OECD ,
Proposed Legislation ,
Qui Tam ,
Right To Counsel ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Whistleblower Protection Policies ,
Whistleblowers
When the Anti-Money Laundering Whistleblower Act (“AML Act”) became law on January 1, 2021, some commentators praised it as a breakthrough. The law was modelled on the highly successful Dodd-Frank Act (“DFA”) and shared...more
Congress needs to implement an effective ethics agenda. Important anti-corruption legislation has been sitting in various Senate and House committees awaiting action....more
4/12/2021
/ Anti-Corruption ,
Anti-Money Laundering ,
BSA/AML ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Corporate Culture ,
Ethics ,
False Claims Act (FCA) ,
Fraud ,
Popular ,
Qui Tam ,
Regulatory Agenda ,
Trafficking ,
Whistleblower Protection Policies ,
Whistleblowers ,
White Collar Crimes ,
Wildlife Protection