One of the primary duties of good a lawyers is to educate people on any new developments in the law. This does not help in building their reputation but also helps to keep citizens updated with any new laws that are of interests to them.
As a reputable and experienced advocate in Brazil, Bruno Fagali has made it his responsibility to keep people on the updated. Bruno Fagali runs a blog on his official website where he addresses legal issues that interest his audience both locally and internationally.
Reward for patriotism
According to one of the articles published on Bruno Fagali’s blog, individuals who report corrupt dealings to the authorities in the U.S. might be able to pocket a whopping $5 million if the U.S. Congress passes the law. There is a Bill on the floor of the U.S. Congress that seeks to shut down money laundering completely. The bill that was brought to the floor of the house is still being deliberated, and it could pass into a law.
If the new Bill passes into law, then it will allow the Secretary of the Treasury to determine how much a citizen who tips the authorities for cases of money laundering involving foreign assets. The primary objective of putting such law into place is to identify corrupt dealings amidst overly complicated financial structures and then recover as many assets as possible.
The amount set as the reward
The proposed law doesn’t put a limit on the amount that an individual can get when they turn into a corrupt person to the U.S authorities. Bruno Fagali notes that the higher the amount of money recovered the higher the amount. It is at the discretion of the Secretary of the Treasury to determine how much money an individual gets. The proposed law also requires the Secretary of the Treasury to offer protection to the whistleblower and their families.
About Bruno Fagali
Bruno Fagali is a highly experienced Brazilian lawyer who specializes in Administrative Law, Anti-corruption Law, Urban Law, Election Law, and Compliance. He graduated in University of Sao Paolo. He has been serving high-profile individuals and companies as their legal counsel for many years. Bruno Fagali established the Fagali Law, which is an institution that educates people on various aspects of the law.