Corporate whistleblower protections have been beefed up recently, reporting to the SEC and awards are already at all time highs. 75% of insiders reported their concerns internally before going to the commission. How can firms improve their programs and be better prepared for a likely increase in whistleblower activity?
The omnibus bill passed in 2023 changed the whistleblower program and created new challenges for firms with AML, FCPA and Sanctions risks. This webinar brings together an multi-disciplinary panel of experts to discuss the changes and implications.
In 2022 the SEC received over 12,300 whistleblower tips, the largest number of whistleblower tips received in a year
In FY 2021 75% of whistleblower award recipients who were current or former insiders raised their concerns internally before reporting them to the commission
https://www.sec.gov/files/owb-2021-annual-report.pdf, p. 28
On March 27, 2023 at 1 PM ET join us for a CLE-Ready* panel discussion featuring
Ryan Patrick, Former US Attorney and Partner at Haynes Boone
Trace Schmeltz, FCPA Attorney and Partner at Barnes & Thornburg
Susana Franco, Director of Compliance Operations- Latin America and Canada at Orthofix
*Applications for CLE are pending, and we will update this post as they are approved. Currently we are pursuing approval in New York, DC, Florida and Texas
Our team is comprised of highly experienced due diligence consultants, investigators and business analysts around the world.
Just two months after enhancing the Anti-Money Laundering (AML) Whistleblower Improvement Act, a move largely seen as an attempt to crack down on Russian sanction evasion, the Biden Administration announced new sanctions on Russia and related entities on February 24, 2023. Less than a week later, the US also signaled that sanctions may be coming for China and other countries helping Russia circumvent restrictions, presenting an increasing need for tight supply chain management and awareness of the potential exposure of downstream and upstream partners.
Anti-Money Laundering Whistleblower Law Expected to “Change the Game” for Sanctions Enforcement
WASHINGTON (AP) — The U.S. trade deficit tumbled nearly 15 percent in January as imports fell and exports rose. Shipments of...