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Importance of Whistleblowers

This archive displays posts addressing or illustrating the importance of whistleblowers. You may also be interested in the following pages:

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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 enforcement agencies have great difficulty detecting and prosecuting...

Money Laundering Watch: Will More Chickens Come Home to Roost Following Deutsche Bank Raid?

Posted  11/30/18
The Panama Papers fallout continues with a massive early morning raid on Deutsche Bank headquarters in Frankfurt, Germany. Some 170 officers searched for evidence of the bank’s role in over $350m worth of suspected money-laundering through organizations in the British Virgin Islands. Deutsche Bank confirms the investigation is related to the Panama Papers: the April 2016 release of over 11 million files about 200,000+ offshore shell companies. The documents revealed...

Record-Breaking Year for the SEC Whistleblower Program: What the SEC Annual Report Tells Whistleblowers

Posted  11/16/18
In its 2018 Annual Report to Congress, the SEC Office of the Whistleblower described a “record-breaking year,” with a substantial increase in the number of tips received and the largest whistleblower awards to date.  While these numbers illustrate the benefits of the SEC Whistleblower Program, the SEC rightly says that it is “most proud” of the benefits the Whistleblower Program offers to investors, with over $1.7 billion in monetary sanctions...

CFTC Whistleblower Program has a Banner Year, but Challenges Remain

Posted  11/6/18
Seventy-five million dollars. That’s how much the United States Commodity Futures Trading Commission’s (CFTC’s) Whistleblower Program paid five whistleblowers - including $30 million to one, the CFTC’s largest award to date-according to the agency’s annual report to Congress for 2018. Also, for the first time, the CFTC awarded a whistleblower living in a foreign country. Without a doubt, 2018 was a banner year for the program. The CFTC’s Whistleblower Program...

What the Panama and Paradise Papers Tell Us

Posted  06/15/18
At this spring’s OffshoreAlert Conference in Miami, journalists involved in two of the biggest document leaks in history, the Panama and Paradise Papers, spoke on panels about secrecy jurisdictions and discussed the tax avoidance, corruption, and money-laundering they permit. Their fascinating presentations provided a chance to reflect on the magnitude of the information released to the public and on how far the world still has to go to encourage positive...

Constantine Cannon partner Eric Havian moderates panel with The Big Three -- heads of the whistleblower offices at the SEC, CFTC and IRS -- at the 16th Annual Offshore Alert Conference

Posted  05/30/18
By the C|C Whistleblower Lawyer Team Constantine Cannon Partner Eric Havian recently joined Jane Norberg, Christopher Ehrman and Lee Martin, the heads of the whistleblower offices for the SEC, CFTC and IRS (otherwise known as The Big Three), to moderate a panel entitled ‘Enriching Domestic & Foreign Whistleblowers: The Growth & Spreading Reach Of US Programs,’ which explored, among other things, the growing number of submissions from whistleblowers outside the...

Constantine Cannon Partner Mary Inman To Speak On The Rise Of UK And EU Whistleblowers

Posted  05/29/18
By the C|C Whistleblower Lawyer Team Mary Inman, a partner in Constantine Cannon’s London office, will be presenting on behalf of the Institute of Business Ethics on June 14th about the rise in UK and EU whistleblowers making submissions under the American and Canadian whistleblower reward programs. There is currently much debate in the EU about rewarding those who speak up.  On the one hand, some believe that offering cash...

Question of the Week -- Should Congress Provide Financial Bounties to Antitrust Whistleblowers?

Posted  05/9/18
By the C|C Whistleblower Lawyer Team Cartels are being busted. More and more every year. But they are not going away. For every conspiracy the government cracks down on, we can be sure there are several more that carry on unnoticed and unscathed. A broad-based whistleblower program could be the most promising solution to fill this antitrust enforcement gap. But it has to include financial incentives to compensate whistleblowers for...

British Whistleblowers can Make “Millions” under US Laws if they “Shop” UK Companies, American Lawyers Say

Posted  04/30/18
The Telegraph reported this weekend on Andrew Patrick, the first British whistleblower to expose a UK company for evading U.S. import duties and only the second British whistleblower to receive an award under the False Claims Act. Mr. Patrick brought a qui tam lawsuit in 2016 against Pure Collection Ltd (“Pure”). The U.S. government intervened in the lawsuit and it ultimately resulted in a settlement of over $900,000. Mr. Patrick...
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