Monetary Sanctions News Today

SEC noted that the size of today’s award the highest in our program’s history not only incentivizes whistleblowers to come forward with accurate information about potential securities law violations, but also reflects the tremendous success of our whistleblower program.

Associate U.S. Attorney General Vanita Gupta discussed newly issued Department of Justice guidance that takes a critical view of the use of fines and fees in the criminal legal system.

Under Senate Bill 1197, sponsored by Sen. David Gowan, R-Sierra Vista, and backed by Stand for Children Arizona, the courts would no longer be able to require juveniles or their parents or guardians to pay costs of probation, legal services, administrative fees, foster care, counseling, treatment, education programs, and any health care, food, clothing, shelter, or supervision while a child is incarcerated by the Arizona Department of Juvenile Corrections.

Court fees, fines, and cash bail contribute to a cycle of debt and incarceration under the guise of justice.

On 21 February, the UK Office of Financial Sanctions Implementation OFSI fined Clear Junction Limited £36,393.45 in relation to transactions Clear Junction made to accounts held at the Russian National Commercial Bank between 20 March 2018 and 18 June 2018.

For reporting financial malfeasance and providing key evidence during investigations, the Securities and Exchange Commission awarded just over $40 million to four whistleblowers last week.

For reporting financial malfeasance and providing key evidence during investigations, the Securities and Exchange Commission awarded just over $40 million to four whistleblowers last week.

Congressman Al Green, Chair of the House Financial Services Committee Subcommittee on Oversight and Investigations, has introduced the Whistleblower Protection Reform Act of 2021, which would strengthen protections for SEC whistleblowers