Constantine Cannon Attorneys Eric Havian and Michael Ronickher Published in Law360 on the Need for Anti-Money Laundering Whistleblower Rewards
In the wake of anti-money laundering enforcement activity spurred by the Panama Papers, Constantine Cannon attorneys Eric Havian and Michael Ronickher published an article in Law360 on why we need an anti-money laundering whistleblower program. Havian and Ronickher argue for a new, DOJ-led whistleblower program to close the “large enforcement gap” left open by the existing IRS and SEC programs: “Domestic law enforcement agencies have great difficulty detecting and prosecuting unlawful offshore behavior, because they lack robust international cooperation, and their investigation tools are hampered by cultural barriers. Properly protected and incentivized, individuals with first-hand knowledge of how scams are working, who is laundering money, and where it is going will come forward to blow the whistle, and they will be an invaluable asset to law enforcement.”
Read the full article here: https://www.law360.com/employment/articles/1108921/why-we-need-anti-money-laundering-whistleblower-awards.
- Update! December, 2020: Congress Set to Pass NDAA with New Whistleblower Reward Provisions for Money Laundering
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