The President signed executive order relating to financial institutions that help Russia evade sanctions. The Order makes it clear to financial institutions that they must either stop allowing their companies to ship components and goods to the Russian defense sector, or face significant sanctions. Whistleblowers aware of such violations can file anonymous claims through legal counsel with The Financial Crimes enforcement Network (FINCEN) or if the SEC has jurisdiction through the SEC whistleblower program. Those reporting original information leading to collectible sanctions may be entitled to up to 30% of the fines issued.
The United States and its allies, including the European Union and Britain, imposed sanctions on Russia after the February 2022 invasion of Ukraine. They have continued to ratchet up pressure on Moscow, targeting Russian President Vladimir Putin, the financial sector and dozens of oligarchs.
The new order is being issued in coordination with allies
The United States has warned companies against evading U.S. sanctions imposed on Russia, and has targeted firms in the United Arab Emirates, Turkey and China that it has accused of helping Moscow skirt the measures. The order takes effect immediately.
Jeffrey Newman Esq. represents whistleblowers under the SEC, CFTC and FINCEN whistleblower programs. Whistleblowers providing original information to these agencies through counsel, may receive rewards totaling up to 30 percent of a successful recovery made by the SEC, CFTC OR FINCEN and the names and identification of the whistleblowers are not revealed. These may include whistleblowers who reveal violations of U.S. sanctions. Jeff Newman can be reached at Jeff@Jeffnewmanlaw.com or at 617-823-3217
