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Can you summarize 31 USC 5323?
RECORDS AND REPORTS ON MONETARY INSTRUMENTS TRANSACTIONS > Whistleblower incentives and protections
Short Summary
This section of the United States Code establishes whistleblower incentives and protections. It defines key terms such as ‘covered judicial or administrative action’, ‘monetary sanctions’, ‘original information’, ‘related action’, and ‘whistleblower’. The section outlines the awards that whistleblowers may receive for providing original information that leads to the successful enforcement of a covered judicial or administrative action. The awards range from 10 to 30 percent of the monetary sanctions imposed in the action. The section also establishes the Financial Integrity Fund, which is used to pay the awards. It further specifies the factors considered in determining the amount of an award and the circumstances under which an award may be denied. Additionally, the section prohibits retaliation against whistleblowers and provides avenues for seeking relief in case of retaliation. The confidentiality of whistleblower information is protected, with limited exceptions for criminal investigations. Overall, this section aims to encourage whistleblowers to come forward with information about violations of specified laws and provides them with incentives and protections.
Whom does it apply to?
Individuals who provide information relating to a violation of specified laws to their employer, the Secretary of the Treasury, or the Attorney General
What does it govern?
Whistleblower incentives and protections
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
U.S. Federal Government