On December 6, 2021, the Biden administration declared the fight against corruption a core U.S. national security interest. A part of the administration’s “Strategy on Countering Corruption” was the establishment of the “pilot Kleptocracy Asset Recovery Rewards Program,” which was designed to “enhance the U.S. Government’s ability to identify and recover stolen assets linked to foreign government corruption held at U.S. financial institutions.” This Program is especially important given that sanctions against Russian Oligarchs have been one of the main methods of support for Ukraine in their fight against the war of aggression by Russia. While it serves an important purpose, this Program is woefully inadequate as it is non-responsive, does not sufficiently guarantee whistleblowers anonymity and confidentiality, and has no guarantees of funding for whistleblower awards.

Our firm, Kohn, Kohn & Colapinto, LLP, has reached out to the Kleptocracy Asset Recovery Rewards Program for confirmation on how to file with the program, guarantees for anonymity and confidentiality of whistleblowers, clarification as to whom the information should be addressed, and what form the information would best be provided. A Kohn, Kohn & Colapinto LLP employee has reached out to the Kleptocracy Asset Recovery Rewards Program through the email, , and phone number, +1- 202-622-2050, provided on their webpage a total of six times since October 2022. There has been no response. These unanswered...

Read Full Story: https://news.google.com/rss/articles/CBMiUWh0dHBzOi8vd3d3Lmpkc3VwcmEuY29tL2xl...