The government of the United States has a broad interest in protecting its finances. It has also enacted laws that function as a way to regulate the financial industries. As a result, a variety of regulatory agencies exist to enforce these laws.
However, in many situations, the problems are so severe that these agencies cannot possibly discover every illegal act. Due to this, these agencies allow people from around the world to report violations of financial laws as whistleblowers. This is an option available to people located in any country who have witnessed violations of American financial laws. In fact, being a whistleblower can often come with a financial reward.
A Columbia international whistleblower lawyer may be able to help citizens of other countries who have observed violations of American laws. It may be possible to come forward as a whistleblower if a violator is an American company or an American citizen.
The American economy has grown to influence almost every other country around the globe. Every day, hundreds of American companies do business with foreign entities or even have satellite locations in other nations. Similarly, many American citizens live abroad while retaining their United States citizenship.
Because of these factors, American laws can still have an influence in other nations. A common example is the United States’ tax code. Citizens doing business overseas while still retaining a residence in the US must pay taxes on their income. The same is true for United States companies that earn profits in other countries. A Columbia international whistleblower attorney could provide more information about how American laws may govern the actions of parties located in other countries.
The United States’ financial laws each contain provisions that allow for agencies to enforce these laws. In addition, these laws also empower individual people to come forward as whistleblowers if they believe that they have witnessed illegal activity. These activities may include:
A Columbia international whistleblower lawyer could help people to identify which laws the behavior has violated and to get in contact with the relevant regulatory agencies, all without leaving their home countries.
At the same time, serving as a whistleblower can come with a substantial financial reward. Each regulatory agency allows parties to submit writs of Qui Tam when providing information about illegal activity. If this information leads to a conviction, whistleblowers are entitled to a portion of the funds recovered in the case. For example, 23 United States Code § 7623 states that blowing the whistle on failure to pay taxes can result in a reward of between 15 and 30 percent of the funds recovered in the case.
The reach of America’s companies touches almost every nation in the world. However, this does not mean that these companies and individuals are not still subject to United States law. Any person, regardless of their citizenship or current place of residence, may report violations of American laws as whistleblowers.
A Columbia international whistleblower lawyer could help individuals to blow the whistle on violations of both American laws and international schemes that may involve American companies. At the same time, an attorney can help whistleblowers by protecting their legal rights and demanding an appropriate reward for their service. Give an attorney a call today to learn more.