If you have information about corruption schemes in Brazil and know what assets are being laundered in the United States, a draft law rewards you up to five million dollars if you report the information to the public authorities in the United States. A bipartisan bill was presented in Washington on February 27th, 2018, and if it is approved, Fagali states whistleblowers may get a reward of up to five million dollars.
The Kleptocracy Asset Recovery Reward Act will grant the Secretary of the Treasury the right to determine the sides of rewards that are paid to individuals who helped to identify and recover stolen assets and report government corruption that are hidden in the United States.
There are set reward limits for individuals who make a report getting up to five million dollars and a total of 25 million dollars during the year. Under extreme situations, the Secretary of the Treasury of State can determine if the reward should be the higher value. To make this more attractive to whistleblowers the Secretary of the Treasury can also protect the identity of the person making a report of corruption and also protect them and their immediate family.
Bruno Fagali reports, to get a reward the whistleblowers must report foreign government corruption like bribery, theft, or the misappropriation of foreign public assets by public servants that result in the recovery of stolen assets. The program prohibits public officials from receiving a reward as the official must report such behavior to the appropriate authorities.
Bruno Fagali, lawyer and advocate, notes that there is one condition that has to be met to receive the reward. The person making a report has to provide information of criminal activity that would have resulted in seizure, loss, restriction, or repatriation of stolen assets that are held in a United States financial institution.
Fagali has indicated that the authors that proposed this bill did so to promote information gathering that would lead to criminal activity. That is, the thought of obtaining a reward may encourage whistleblowers to inform U.S authorities of criminal activity that would lead to misappropriation for foreign assets that are held in U.S financial institutions.
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