The SEC uses anonymous international FCPA bounty actions with large financial rewards to detect illegal global conspiracies. Further, the SEC works with the DOJ and other government agencies to target multinational corporations who violate the FCPA. More specifically, they target multinational corporations who violate the anti-bribery, books and records, and internal controls provisions of the FCPA. Further, in December 2019, they imposed a billion dollar fine against one corporation for FCPA violations.
Anonymous International FCPA Bounty Actions
The SEC and CFTC use anonymous bounty actions to detect conspiracies by high-level executives who violate the FCPA. More specifically, the agencies offer large financial rewards to professionals who anonymously expose illegal conduct. This illegal conduct includes illegal bribes, international slush funds, and other violations of the Foreign Corrupt Practices Act.
The financial rewards on these bounty actions range from 10% to 30% of the funds recovered. More specifically, the SEC or CFTC can award $100 million to $300 million on a billion dollar recovery. In other words anonymous whistleblowers can earn large financial rewards. For more information, please go to the following webpage: International Whistleblower Reward Laws and Foreign Corrupt Practices Act Bounty Actions.
International Bounty Actions Target Corrupt Multinational Corporations
Anonymous bounty actions target illegal slush funds, bribes, gifts, and graft. More specifically, anonymous bounty actions target corrupt multinational corporations and executives. Further, the SEC and other United States agencies use bounty actions to detect illegal global conspiracies.
The bounty actions preserve a global commerce system free of corruption. They also provide an effective method to detect money laundering, market manipulation, and other illegal global conspiracies.
Bounty Actions Target Several Types of Global Conspiracies and Illegal Conduct
The SEC uses bounty actions to identify schemes to pay bribes, to falsify books and records, and to fail to implement reasonable internal accounting controls. They also use bounty actions to detect third party agents and consultants who make bribe payments to government officials or to manage off-the-books slush funds. Further, bounty actions target sham contracts paid pursuant to false invoices and payments improperly accounted for in books and records. For more information, please go to the following webpage:Illegal Bribe Bounty Actions.