News & Analysis as of

Whistleblowers Money Laundering Whistleblower Protection Policies

Ballard Spahr LLP

DOJ Unveils Corporate Whistleblower Awards Pilot Program – With Implications for Financial Institutions and AML/CFT Compliance...

Ballard Spahr LLP on

On August 1, 2024, the Department of Justice launched its Corporate Whistleblower Awards Pilot Program (the “Pilot Program”). Under this 3-year initiative managed by DOJ’s Criminal Division, a whistleblower may be eligible...more

Kohn, Kohn & Colapinto LLP

FinCEN Head Praises New AML Whistleblower Program

The passage of the Anti-Money Laundering (AML) Whistleblower Improvement Act in December 2022 was heralded by whistleblower advocates as a major development which would transform the ability of the U.S. to crack-down on money...more

Cranfill Sumner LLP

DOJ Announces New Whistleblower Reward Program for Individuals to Combat Significant Corporate or Financial Misconduct

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During a March 7, 2024, speech at the American Bar Association’s 39th National Institute on White Collar Crime, Deputy Attorney General Lisa Monaco announced that the United States Department of Justice (“DOJ”) is launching a...more

McDermott Will & Emery

DOJ Doubles Down on Corporate Enforcement With New Whistleblower Program

McDermott Will & Emery on

During the 2024 American Bar Association National Institute on White Collar Crime (the 2024 White Collar Conference) earlier this month, US Attorney General (AG) Merrick Garland, US Deputy Attorney General (DAG) Lisa Monaco,...more

Skadden, Arps, Slate, Meagher & Flom LLP

DOJ Announces Plan To Offer Monetary Rewards for Whistleblowers

On March 7, 2024, Deputy Attorney General (DAG) Lisa Monaco announced that the Department of Justice (DOJ) will soon launch a new monetary reward program for people who provide information about corporate or financial...more

Cranfill Sumner LLP

U.S. Whistleblower Program Expands to Allow the Payment of Awards to Non-U.S. Citizens, Auditors, and Compliance Professionals Who...

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In December 2022, the U.S. Congress included the Anti-Money Laundering Whistleblower Improvement Act as part of the Omnibus Budget for that year.  The Act includes drastic new measures to expand enforcement against those...more

A&O Shearman

White collar crime enforcement in Germany: trends and developments

A&O Shearman on

German authorities have intensified and accelerated their enforcement activities in 2023, following a slowdown of both investigations and court proceedings during the pandemic. This had led to a surge of dawn-raids in...more

Kohn, Kohn & Colapinto LLP

Despite Record Year, SEC Must Improve Whistleblower Program to Align with White House Anti-Corruption Initiative

SEC Chair Gary Gensler announced on October 25th that in the 2023 fiscal year, the Commission received a record number of 18,000 whistleblower tips. The SEC Whistleblower Program has grown rapidly and effectively since its...more

Kohn, Kohn & Colapinto LLP

Cryptocurrencies Mirrored a New Gold Rush, Then Ended Up Similarly: With Scammers Going to Jail

Despite the excitement that surrounded original cryptocurrencies like Bitcoin, the dust eventually settled, revealing that only a few early investors got rich and many others lost their life savings. But it was not long...more

Cranfill Sumner LLP

Congress Dramatically Expands Whistleblower Eligibility to Include Auditors & Compliance Professionals to Combat Kleptocratic...

Cranfill Sumner LLP on

On December 23, 2022, Congress included the Anti-Money Laundering Whistleblower Improvement Act as part of the Omnibus Budget President Biden has now signed into law.  The Act includes drastic new measures to expand...more

McDermott Will & Emery

Whistleblowing

Gesetzentwurf der Bundesregierung für ein Hinweisgeberschutzgesetz - Die Bundesregierung hat am 27. Juli 2022 einen Entwurf für ein „Gesetz für einen besseren Schutz hinweisgebender Personen sowie zur Umsetzung der...more

Kohn, Kohn & Colapinto LLP

Treasury Department Rules Could Help Strengthen AML Whistleblower Program

The U.S. Treasury Department is currently drafting proposed rules to implement the whistleblower provisions of the Anti-Money Laundering (AML) Act of 2020. These rules will help determine the future success of the newly...more

Kohn, Kohn & Colapinto LLP

Momentum Grows for Fixing the AML Whistleblower Law

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

Vinson & Elkins LLP

OSHA’s Expanding Horizons: Whistleblower Protections For Money Laundering And Criminal Antitrust Violations

Vinson & Elkins LLP on

At this point, most employers probably know that the Occupational Safety and Health Administration (“OSHA”) is charged with investigating far more than workplace safety. Indeed, OSHA has a robust Whistleblower Protection...more

Littler

Employment Law Implications of the New Anti-Money Laundering Act

Littler on

When Congress overrode President Trump’s veto of the National Defense Authorization Act on January 1, 2021, it enacted the Anti-Money Laundering Act (AMLA), which was part of the defense authorization bill.  In doing so,...more

ArentFox Schiff

Investigations Newsletter: First Circuit Upholds Whistleblower Retaliation Verdict (hold for Monet)

ArentFox Schiff on

False Claims Act Legal Developments - First Circuit Upholds Whistleblower Retaliation Verdict - On December 9, 2020, the US Court of Appeals for the First Circuit held as a matter of first impression that “the...more

Ballard Spahr LLP

Proposed Kleptocracy Asset Recovery Rewards Act Adds Whistleblower Incentives and Protections

Ballard Spahr LLP on

Proposed Legislation Creates Rewards Program for Whistleblowers of Foreign Government Corruption - Third Post in a Three-Post Series - Newly proposed legislation, if passed, will authorize a whistleblower program for...more

Ballard Spahr LLP

Case Highlights Potential Protections for BSA Whistleblowers

Ballard Spahr LLP on

A recent court opinion emphasizes the sensitive issues involved in terminating potentially difficult employees — or, from the employee’s or perhaps the government’s perspective, in terminating whistleblowers who were...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - Russian

ANTICORRUPTION DEVELOPMENTS – U.S. Agencies Decline to Prosecute Teradata for Alleged FCPA Violations – On February 26, 2018, Teradata Corporation, an Ohio-based enterprise software database management company,...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - Chinese

ANTICORRUPTION DEVELOPMENTS – U.S. Agencies Decline to Prosecute Teradata for Alleged FCPA Violations – On February 26, 2018, Teradata Corporation, an Ohio-based enterprise software database management company,...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - February 2018

ANTICORRUPTION DEVELOPMENTS – U.S. Agencies Decline to Prosecute Teradata for Alleged FCPA Violations – On February 26, 2018, Teradata Corporation, an Ohio-based enterprise software database management company,...more

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