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New EU Rules Give Protection to Whistleblowers

Posted 04/26/19

European Union flags in front of EU Headquarters building

On April 16, 2019, a new directive was adopted by the European Parliament aimed at encouraging reports of wrongdoing and protecting whistleblowers from retaliation. The new rules guarantee greater levels of protection for whistleblowers who report breaches of EU law in several sectors, including financial services, money laundering, product safety, data protection, environmental protection and nuclear safety. EU...

Tagged in: International Whistleblowers, Legislation and Regulation News, Whistleblower Protection Laws,

Question of the Week — Will we see you at the OffshoreAlert Conference?

Posted 04/24/19

Publisher OffshoreAlert, which bills itself as “the unofficial financial regulator” and specializes in reporting about offshore financial centers with an emphasis on fraud investigations, is hosting its annual North American conference on Financial Intelligence & Investigations on April 28-30th in Miami, Florida. For a second year, Constantine Cannon Partner Eric Havian will lead a panel with representatives...

Tagged in: CC Lawyers, International Whistleblowers, Question of the Week,

Constantine Cannon Partner Mary Inman Weighs in on UK Financial Watchdog’s Whistleblower Team

Posted 04/4/19

Constantine Cannon attorney Mary Inman recently weighed in on the U.K. Financial Conduct Authority’s leanly staffed whistleblower office, which employs seven individuals and runs on less money than the Financial Conduct Authority (FCA) provides its chief executive in annual salary. In contrast, the U.S. Securities and Exchange Commission employs 21 people in its Office of the Whistleblower, which not only evaluates...

Tagged in: CC Lawyers, International Whistleblowers,

CFTC Pays Whistleblower Award for Related Action Brought by Another Federal Regulator

Posted 03/14/19

On March 4, 2019, the CFTC announced an award of $2 million to an anonymous whistleblower who was not an insider, but provided “critical information through independent analysis of market data” that lead to several million in recoveries by two regulatory agencies. Moreover, as the Order makes clear, the whistleblower’s $2 million award is based not just on the CFTC’s recovery, but also on a recovery in a...

Tagged in: CFTC Whistleblower Reward Program, Financial and Investment Fraud, International Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Rewards,

Canada Makes First Securities Fraud Whistleblower Award

Posted 03/6/19

Canadian maple leaf flag in cloth with draping

The Ontario Securities Commission (OSC) announced last week roughly CAD $7.5 million in whistleblower awards to three individuals who reported violations of Ontario securities laws. The awards are the first ever by a Canadian securities regulator. In keeping with its commitment to protecting the confidentiality of whistleblowers, the OSC did not disclose any information that might reveal the whistleblowers'...

Tagged in: International Whistleblowers, SEC Whistleblower Reward Program, Tax Fraud,

Constantine Cannon Partner Mary Inman is Quoted in Law360 Article Regarding EU Reform Opening the Door to Whistleblowers

Posted 02/22/19

London partner Mary Inman was quoted in a February 20th, 2019 Law360 article regarding new EU proposals to protect individuals who report attempts by entities or other individuals to violate or circumvent laws. In the article titled “EU Reforms May Help Open Doors For Whistleblowers” Ms. Inman discussed the penalties against Barclays CEO Jes Staley saying, “The sad reality is that regulated business are more...

Tagged in: CC Lawyers, International Whistleblowers,

Constantine Cannon Partner Mary Inman Comments on Importance of Anonymity for Whistleblowers to Government Accountability Project

Posted 02/15/19

London partner Mary Inman was recently quoted in DC-based Government Accountability Project (GAP)’s blog post about effective whistleblower protection in emerging international laws. Among other priorities, the long-standing Government Accountability Project brings attention to important whistleblower issues, corporate and financial accountability, and international whistleblower rights – issues that are...

Tagged in: Anonymity, CC Lawyers, FCA Federal, Financial and Investment Fraud, Importance of Whistleblowers, International Whistleblowers,

WATCH THIS SPACE: New U.S. Development Agency for High-Risk Investment in Developing Countries a Magnet for Fraud

Posted 12/21/18

Steel wheel pavers driving over fresh asphalt

Combine 60 billion U.S. dollars, newly authorized private investment, vulnerable foreign countries, and competition with Russia and China - What could go wrong? Amid the daily D.C. drama plaguing the fall of 2018, Congress quietly passed the Better Utilization of Investments Leading to Development (BUILD) Act to create a new U.S. development agency: the U.S. International Development Finance Corporation (IDFC). The...

Tagged in: FCA Federal, Financial and Investment Fraud, International Whistleblowers, Securities Fraud,

Constantine Cannon Attorneys Eric Havian and Michael Ronickher Published in Law360 on the Need for Anti-Money Laundering Whistleblower Rewards

Posted 12/12/18

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...

Tagged in: Abusive Tax Shelters, CC Lawyers, Financial and Investment Fraud, Financial Institution Fraud, Importance of Whistleblowers, International Whistleblowers, Money Laundering,

Listen: Taxcast’s November 2018 Podcast on How Governments Can Better Protect and Encourage Whistleblowers

Posted 12/7/18

Constantine Cannon partner Mary Inman is featured in the Tax Justice Network’s November podcast on, among other things, whistleblowing on tax fraud. Inman discusses the impact of U.S. whistleblower laws on corporate wrongdoing and white collar enforcement and speaks to improvements governments can make to better protect whistleblowers, encourage whistleblowers to bring evidence to their governments, and financially...

Tagged in: CC Lawyers, International Whistleblowers, IRS Whistleblower Reward Program, Tax Fraud,

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New EU Rules Give Protection to Whistleblowers

Question of the Week — Will we see you at the OffshoreAlert Conference?

Constantine Cannon Partner Mary Inman Weighs in on UK Financial Watchdog’s Whistleblower Team

CFTC Pays Whistleblower Award for Related Action Brought by Another Federal Regulator

Canada Makes First Securities Fraud Whistleblower Award

Constantine Cannon Partner Mary Inman is Quoted in Law360 Article Regarding EU Reform Opening the Door to Whistleblowers

Constantine Cannon Partner Mary Inman Comments on Importance of Anonymity for Whistleblowers to Government Accountability Project

WATCH THIS SPACE: New U.S. Development Agency for High-Risk Investment in Developing Countries a Magnet for Fraud

Constantine Cannon Attorneys Eric Havian and Michael Ronickher Published in Law360 on the Need for Anti-Money Laundering Whistleblower Rewards

Listen: Taxcast’s November 2018 Podcast on How Governments Can Better Protect and Encourage Whistleblowers

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