Even Fincen, pays rewards.
5323A. Whistleblower incentives
(a) Definitions
For purposes of this section:
(1) Bank Secrecy Act
The term Bank Secrecy Act means this subchapter, section 21 of the Federal Deposit Insurance Act ( 12 U.S.C. 1829b ), and section 123 of Public Law 91–508 .
(2) Covered judicial or administrative action
The term covered judicial or administrative action means any judicial or administrative action brought by FinCEN under the Bank Secrecy Act that results in monetary sanctions exceeding $1,000,000.
(3) FinCEN
The term FinCEN means the Financial Crimes Enforcement Network.
(4) Monetary sanctions
The term monetary sanctions, when used with respect to any judicial or administrative action, means—
(A) any monies, including penalties, disgorgement, and interest, ordered to be paid; and
(B) any monies deposited into a disgorgement fund as a result of such action or any settlement of such action.
(5) Original information
The term original information means information that—
(A) is derived from the independent knowledge or analysis of a whistleblower;
(B) is not known to FinCEN from any other source, unless the whistleblower is the original source of the information; and
(C) is not exclusively derived from an allegation made in a judicial or administrative hearing, in a governmental report, hearing, audit, or investigation, or from the news media, unless the whistleblower is a source of the information.
(6) Related action
The term related action, when used with respect to any judicial or administrative action brought by FinCEN, means any judicial or administrative action that is based upon original information provided by a whistleblower that led to the successful enforcement of the action.
(7) Whistleblower
The term whistleblower means any individual who provides, or 2 or more individuals acting jointly who provide, information relating to a violation of laws enforced by FinCEN, in a manner established, by rule or regulation, by FinCEN.
(b) Awards
(1) In general
In any covered judicial or administrative action, or related action, FinCEN, under regulations it prescribes and subject to subsection (c), shall pay an award or awards to 1 or more whistleblowers who voluntarily provided original information to FinCEN that led to the successful enforcement of the covered judicial or administrative action, or related action, in an aggregate amount equal to—
(A) not less than 10 percent, in total, of what has been collected of the monetary sanctions imposed in the action or related actions; and
(B) not more than 30 percent, in total, of what has been collected of the monetary sanctions imposed in the action or related actions.
(2) Source of awards
For the purposes of paying any award under paragraph (1) there are authorized to be appropriated such sums as may be necessary, and the Secretary may also use funds from the Department of the Treasury Forfeiture Fund and the Department of Justice Assets Forfeiture Fund.
(c) Determination of amount of award; denial of award
(1) Determination of amount of award
(A) Discretion
The determination of the amount of an award made under subsection (b) shall be in the discretion of FinCEN.
(B) Criteria
In responding to a disclosure and determining the amount of an award made, FinCEN shall meet with the whistleblower to discuss evidence disclosed and rebuttals to the disclosure, and—
(i) shall take into consideration—
(I) the significance of the information provided by the whistleblower to the success of the covered judicial or administrative action;
(II) the degree of assistance provided by the whistleblower and any legal representative of the whistleblower in a covered judicial or administrative action;
(III) the mission of FinCEN in deterring violations of the law by making awards to whistleblowers who provide information that lead to the successful enforcement of such laws; and
(IV) such additional relevant factors as FinCEN may establish by rule or regulation; and
(ii) shall not take into consideration the balance of any fund described under section 5323(d).
(2) Denial of award
No award under subsection (b) shall be made—
(A) to any whistleblower who is, or was at the time the whistleblower acquired the original information submitted to FinCEN, a member, officer, or employee of—
(i) an appropriate regulatory agency;
(ii) the Department of Justice;
(iii) a self-regulatory organization; or
(iv) a law enforcement organization;
(B) to any whistleblower who is convicted of a criminal violation related to the judicial or administrative action for which the whistleblower otherwise could receive an award under this section;
(C) to any whistleblower who gains the information through the performance of an audit of financial statements required under the Bank Secrecy Act and for whom such submission would be contrary to its requirements; or
(D) to any whistleblower who fails to submit information to FinCEN in such form as FinCEN may, by rule, require.
(3) Statement of reasons
For any decision granting or denying an award, FinCEN shall provide to the whistleblower a statement of reasons that includes findings of fact and conclusions of law for all material issues
(d) Representation
(1) Permitted representation
Any whistleblower who makes a claim for an award under subsection (b) may be represented by counsel.
(2) Required representation
(A) In general
Any whistleblower who anonymously makes a claim for an award under subsection (b) shall be represented by counsel if the whistleblower anonymously submits the information upon which the claim is based.
(B) Disclosure of identity
Prior to the payment of an award, a whistleblower shall disclose their identity and provide such other information as FinCEN may require, directly or through counsel for the whistleblower.
(e) Appeals
Any determination made under this section, including whether, to whom, or in what amount to make awards, shall be in the discretion of FinCEN. Any such determination, except the determination of the amount of an award if the award was made in accordance with subsection (b), may be appealed to the appropriate court of appeals of the United States not more than 30 days after the determination is issued by FinCEN. The court shall review the determination made by FinCEN in accordance with section 706 of title 5.
Did Paul vernon file a Suspicious Activity Report (SAR) for the $10m withdrawal that he seems to have authorized and hidden? Was Cryptsy compliant in properly segregating customer funds?
WooHoo!!!! Free Money!!! WooHoo!!! Start calling people!!!!
