Dodd-Frank Rewards
This blog is for people who want to receive a reward
for reporting FCPA and money laundering violations
- RLG has obtained more than $100 million in reward payouts for its clients.
- Huge rewards for information relating to Chinese money laundering and banks.
- Reward payouts for information regarding Chinese banking violations may exceed $500 million.
- TD Bank’s $3.1 billion penalty for BSA and AML violations could lead to $750 million in rewards payouts.
Reporting Deficiencies in Screening Wealth Management Clients
Reward whistleblowers have started reporting the failure of banks to properly screen and vet their wealth management clients. Many financial institutions lack procedures for properly vetting their high-net-worth clients and the large transactions being engaged in by...
Rewards for Whistleblowers Reporting BSA and AML Violations at Banks
The Wall Street Journal recently reported that regulators are examining Morgan Stanley’s processes and procedures for screening its wealth management clients. Individuals reporting information regarding financial institutions violating the Bank Secrecy Act (“BSA”) and...
Chinese Banking Rewards: Failure to Vet VIP Customers
Reward cases involving financial institutions that have failed to properly vet their VIP customers are on the rise. Some Chinese-centric banks have not taken steps to verify the sources of wealth of their high-net-worth clients from China. In many instances, it can be...
Trips for Government Officials
Corporations often bribe government officials and decision makers by giving them trips in return for tenders and deals. There are many ways companies can bribe government officials to win deals, but trips are one of the most popular. Anyone who becomes aware of an...
Rickman Law Group Client Receives Largest Reward Payout in 2022
The Wall Street Journal reported that the $37.8 million reward payout to Rickman Law Group’s healthcare bribery whistleblower was the largest payout in 2022. Rickman Law Group is honored to have represented the whistleblower who received the largest Dodd-Frank reward...
FCPA Healthcare Client Receives $37.8 Million Reward
Rickman Law Group client receives $37.8 million reward in connection with the SEC’s Dodd-Frank whistleblower Program. This matter involved a healthcare company using its distributors to bribe government officials and HCPs to win business. The Wall Street Journal did...
Rickman Law Group FCPA Client Receives $3.5 Million Reward
Rickman Law Group client receives $3.5 million-plus reward in connection with the SEC’s Dodd-Frank whistleblower Program. This matter involved a channel bribery scheme. Tech bribery reward cases have been a recent trend. Tech companies often use their channels to pay...
Rickman Law Group Client Receives $28 Million Reward for FCPA Tip
An FCPA whistleblower client received a $28 million-plus reward in connection with the SEC’s Dodd-Frank whistleblower Program in May 2021. The Wall Street Journal did an article discussing the FCPA case and the reward payout, which is the 10th largest reward payout to...
Dodd-Frank Reward Payouts Exceed $750 Million
SEC has now paid out more than $750 million under the Dodd-Frank reward program. In awarding a successful information provider $9.2 million in February 2021, the SEC press release included the following update below: “The SEC has awarded more than $750 million to 136...
SEC Whistleblowers Racing to Report Corruption for Rewards
The Wall Street Journal recently interviewed one of the leading experts in obtaining rewards in SEC foreign corruption cases, Christopher Connors, who explained to the Wall Street Journal some of the pandemic-related reasons for the surge of new cases. As reported by...
Andy Rickman is an SEC and DOJ whistleblower attorney who has filed FCPA and money laundering reward submissions for international clients residing in more than 50 different countries. He is based in Washington, DC where Dodd-Frank reward submissions are filed and the SEC is headquartered.
For anyone who wants more information on the Dodd-Frank reward program or has information to report about banks failing to comply with their obligations under the BSA/AML, please email Mr. Rickman at arickman@rickmanlegal.com or visit his law firm’s website at www.rickmanlegal.com. Mr. Rickman offers a free consultation to anyone who would like to discuss whether he or she has a reward eligible case.