Tag Archives: whistleblower

SEC $1.8mn Whistleblower Award

On Aug. 29, SEC announced $1.8mn award for a whistleblower. Whistleblower awarded $1.8mn for information and help that were critically important to the success of an enforcement action involving misconduct committed overseas. The whistleblower provided extensive cooperation including the review of documents, sworn testimony, and continued to give new information that aided the investigation.
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EC Whistleblower Protection

On Mar. 12, 2019, EU CMSN welcomed provisional agreement by EP and EU MSs. Guarantee high level of protection for whistleblowers who report EU law breach. Provisional agreement now has to be formally approved by both EP and Council. Directive will enter into force 20 days after publication in the EU Official Journal.  
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OSC Pay Whistleblowers C$7mn

On Feb. 27, OSC awarded first C$7.5mn to 3 whistleblowers. These whistle-blower awards are the first ever by a Canadian securities regulator. Recipients gave high quality, credible and timely information on 3 separate cases. The information allowed for enforcement action resulting in payments to the OSC.
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FR AMF Whistleblower Process

On Dec. 14, FR AMF issued procedures to protect whistleblowers. Procedures enabling those who report possible violations of EU reg 596/2014 on AMF financiers to do so in the most efficient and knowledgeable manner possible. Reporting Process Covers receipt of reports under article L. 634-1 of monetary and financial code. Explains different notification channels available…
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EC Whistleblower Protection

On Nov. 20, 2018, EP approved draft rules to increase whistleblower protection. Guarantee that whistle-blowers in the EU can report breaches of EU law in area of tax evasion, corruption, environmental protection or public health and safety. Without fear of retaliation and intimidation, legal affairs MEPs agreed protection measures must also apply to those assisting…
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HK SFC Public Fraud Reporting

On Oct. 18, HK SFC issued web page to report corporate fraud. New features on SFC website to encourage public reporting of offences, suspects. Fraud, Misconduct Form located on new reporting corporate fraud and market misconduct webpage. To make easier for public to report suspected corporate fraud, market misconduct. Webpage gives non-exhaustive list of activities to report…
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