Reporting a Sanctions Violation Can Qualify for a Whistleblower Reward
In the Anti-Money Laundering Whistleblower Improvement Act of 2022, Congress expanded the Anti-Money Laundering Act (AMLA) to require Treasury to pay an award to a whistleblower for a voluntary disclosure of original information that results in the collection of sanctions above $1 million for a violation of:
- the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.);
- sections 5 and 12 of the Trading With the Enemy Act (50 U.S.C. 4305; 4312); or
- the Foreign Narcotics Kingpin Designation Act (21 U.S.C. 1901 et seq.).
A whistleblower who discovers sanctions evasion can report anonymously (if represented by an attorney) and can obtain an award of 10% to 30% of the collected monetary sanctions.
For more information about whistleblower rewards and whistleblower protections, contact leading whistleblower rewards law firm Zuckerman Law at 202-930-5901 or 202-262-8959 or email us at [email protected].
Reporting a Violation of U.S. Economic Sanctions Can Potentially Qualify for an SEC Whistleblower Award
Guidance on OFAC’s Enforcement and Compliance Policies
- OFAC Enforcement Guidelines
- Memoranda of Understanding Between OFAC and Bank Regulators
- Guidance on Submitting Electronic Documents to OFAC Enforcement
Qualifying for an SEC Whistleblower Award
Experienced, Top-Rated SEC Whistleblower Lawyers
For more information about whistleblower rewards and bounties, contact the experienced SEC whistleblower lawyers at Zuckerman Law at 202-262-8959. See our column in Forbes: One Billion Reasons Why The SEC Whistleblower-Reward Program Is Effective.
Experienced and effective SEC whistleblower attorneys can provide critical guidance and effective advocacy to whistleblowers to increase the likelihood that they get the maximum award from the SEC Whistleblower Program.
Click here to read reviews and testimonials from former clients.
Whistleblower law firm Zuckerman Law has substantial experience investigating securities fraud schemes and preparing effective submissions to the SEC concerning a wide range of federal securities violations, including:
- Accounting fraud;
- Investment and securities fraud;
- EB-5 investment fraud;
- Manipulation of a security’s price or volume;
- Fraudulent securities offerings and Ponzi schemes;
- Unregistered securities offerings;
- Investment adviser fraud;
- False or misleading statements about a company or investment;
- Inadequate internal controls; and
- Violations of auditor independence rules.
To learn more about the SEC Whistleblower Program, download Zuckerman Law’s eBook: SEC Whistleblower Program: Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award: