- The Securities and Exchange Commission today announced an award of more than $1.8 million to a whistleblower
whose information and assistance were critically important to the success of an enforcement action involving misconduct committed overseas.
The purpose of the law was to enable a whistle blower to share information with an independent commission against any corrupt practice(s) and his name would be kept secret; besides awarding 20 percent of the recovered amount to whistleblower
. Under the proposed bill, a three member Whistleblower
Protection and Vigilance Commission would be appointed by the federal government for a period of three years.
However, Fann said authorities including MACC must doubly ensure that whistleblowers
are protected from danger and harassment.
ISLAMABAD -- The PTI's government in the Thursday's National Assembly introduced seven bills, including 'the Whistleblower
Protection and Vigilance Commission bill' with an aim to provide mechanism for whistleblower
information by providing some 'incentives'.
"Instead of harassing whistleblowers
, public structures should denounce corrupt officials," he pointed out.
"The problem is that whistleblowers
are not protected because no fundamental culture of respect for them exists."Office for the Protection of WhistleblowersThe newly-established Office for the Protection of Whistleblowers
, which will start operating this March, is to become an independent, nationwide state administration body.
"The absence of a law protecting whistleblowers
prevents citizens from coming forward to report wrongdoing in public service, in some cases it has led to the loss of lives," says the CIF, formerly known as Transparency International Cyprus.
While the 2006 and 2018 legislation stopped short of enabling whistleblowers
to bring qui tam lawsuits, it did seemingly provide a simple and enforceable entitlement to substantial compensation for whistleblowers
Muthoni, however, noted that war on corruption in the country will succeed if Kenyans become more patriotic and trusted whistleblowers
who are not money-minded.
By disclosing information about such misdeeds, whistleblowers
have helped save countless lives and billions of dollars in public funds, while preventing emerging scandals and disasters from worsening.
Section 7623(b) of the Code mandates the Commissioner of the IRS to provide whistleblowers
with awards for information that results in the Service's detection of underpayment of taxes or its ability to bring to justice individuals guilty of violating the internal revenue laws of the United States, provided that the qualifications of section 7623(b)(5) are met, which require the taxpayer have a gross income greater than $200,000 and "the proceeds in dispute exceed $2,000,000." (11) In hopes of an award under these provisions, the petitioners in Whistleblower