Corporate investigations in Russia are conducted in a heavily regulated environment. They are further complicated by numerous practical challenges. Observing the legal and factual requirements is like navigating through a minefield.… Continue Reading
New York’s Department of Financial Services fined Barclays Bank PLC and its New York branch $15 million Tuesday because of attempts by the bank’s CEO, Jes Staley, to unmask a whistleblower “in contravention of Barclays’ established whistleblowing policies and procedures.” … Continue Reading
I’m an accounting professor turned documentary filmmaker and I study how whistle blowing impacts fraud detection and prevention in organizations.
One day while working on a lecture for my graduate forensic accounting class, I found myself intrigued by the Wells Fargo banking scandal.… Continue Reading
The Securities and Exchange Commission awarded an overseas whistleblower $4 million for “extensive assistance” resulting in a successful action, the agency said Monday.
Chief of the SEC’s Office of the Whistleblower Jane Norberg said, “Whistleblowers, whether they are located in the United States or abroad, provide a valuable service to investors and help us stop wrongdoing.”… Continue Reading
The Netherlands, a country well respected in many regards for its commitment to organized labor and workers’ rights, fails even to marginally protect a different class of vulnerable employee: the whistleblower.… Continue Reading
I have commented on several occasions about whistleblowing, so my thoughts on the subject are already well documented. I am a strong advocate of whistleblowing as a means of policing rogue companies or the individuals they employ.… Continue Reading
On June 28, the U.S. Securities and Exchange Commission proposed amendments to its whistleblower award program and requested comments from the public.
Many of the proposed amendments to the SEC’s whistleblower rules serve to clarify and address issues identified over the past seven years of administration of the program.… Continue Reading
The U.S. Commodity Futures Trading Commission announced an award of $30 million to a whistleblower Thursday, the biggest award ever under the CFTC’s whistleblower program.
The agency said the whistleblower “voluntarily provided key original information that led to a successful enforcement action.”… Continue Reading
Barclays chief executive Jes Staley was fined £642,430 ($871,000) by UK regulators Friday for trying to identify an anonymous whistleblower who made allegations about Staley’s role in recruiting another employee.
The EU’s General Data Protection Regulation (GDPR, Regulation (EU) 2016/679) is set to take effect on May 25, 2018. In spite of having been adopted nearly two years ago, in April 2016, analysts predict that by the end of 2018, more than 50 percent of companies affected by the GDPR will not be in full compliance with its requirements.… Continue Reading
The case of Barclays chief Jes Staley attempting to unmask an anonymous whistleblower came to an almost imperceptible and silent ending recently when the UK’s Financial Conduct Authority concluded that Staley’s actions were not done intentionally but apparently with some other, lesser standard.… Continue Reading