Whistleblowers reporting cases of corruption in Saudi Arabia will be able to benefit from financial and in-kind rewards.
As 2020 came to a close, our friends in the U.S. have bestowed a few compliance “holiday gifts” upon us… so just in case you missed it, here’s what has been put under our tree:
BSA-AML Compliance Officers, take heed! A new whistleblower rewards program was approved by the U.S. Congress last week with important implications both for financial institutions and for foreign government officials trying to hide their stolen money in the United States.
If you thought that audit or compliance professionals were ineligible for whistleblower awards, think again. The Securities and Exchange Commission (SEC) awarded today more than $300,000 to an auditor whose “high-quality information and continuing assistance significantly contributed to a successful enforcement action”.