Whistleblower Rewards for Reporting Sanctions Evasion
In the Anti-Money Laundering Whistleblower Improvement Act of 2022, Congress expanded the Anti-Money Laundering Act (AMLA) to require the Department of the Treasury to pay an award to a whistleblower for a voluntary disclosure of original information that results in the collection of penalties above $1 million for a violation of U.S. sanctions, in particular 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 reports original information about sanctions evasion can obtain an award of 10% to 30% of the collected monetary sanctions. Sanctions evasion whistleblowers can report anonymously if represented by an attorney.
Call us today to find out more about whistleblower incentives and protections and how we can help you report sanctions evasion and qualify for a whistleblowers. You can contact us by phone or via WhatsApp or Signal at 202-930-5901 or 202-262-8959.
See our recent article Strengthened Enforcement of Sanctions Evasion Enhances Incentives for Sanctions Whistleblowers and the Whistleblower Lawyer’s Guide to the Anti-Money Laundering Whistleblower Program.
Reporting a Violation of U.S. Economic Sanctions Can Potentially Qualify for a Whistleblower Award Under AMLA or SEC Whistleblower Reward Programs
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 AMLA Sanctions Evasion Whistleblower Award
OFAC Sanctions Evasion Whistleblower Rewards Law Firm
The sanctions evasion whistleblower lawyers at Zuckerman Law have experience representing sanctions evasion whistleblowers and one of our attorneys is also a Certified Public Accountant and Certified Fraud Examiner.
Experienced and effective sanctions evasion whistleblower attorneys can provide critical guidance and effective advocacy to whistleblowers to increase the likelihood that they get the maximum award from the FinCEN Whistleblower Program.
U.S. News and Best Lawyers® have named Zuckerman Law a Tier 1 firm in Litigation – Labor and Employment in the Washington DC metropolitan area.
For more information about sanctions evasion whistleblower rewards and bounties, contact the whistleblower lawyers at Zuckerman Law at 202-262-8959.
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