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News/Compliance & Enforcement/Can the SEC Whistleblower Program Pay an Award to a Whistleblower for Reporting a Violation of OFAC Sanctions?
Expert Opinion·Compliance & Enforcement Brief

Can the SEC Whistleblower Program Pay an Award to a Whistleblower for Reporting a Violation of OFAC Sanctions?

Although violations of OFAC sanctions are enforced primarily by the Office of Foreign Assets Control and the Department of Justice, the SEC can also take enforcement action where the conduct violates the books and records provision of the Exchange Act or violates a registrant’s disclosure duties under the federal securities laws.

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