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Britain’s National Crime Agency said in September it was investigating the use of UK-registered companies in connection with the Danske Bank case. Whistleblowers who have been publicly named are at a greater risk of retaliation. Kohn said Wilkinson “has interacted with law enforcement” and is satisfied with their response. He declined to comment further. The Briton is due to testify before the Danish and European Parliaments next week cufflink button uk sale. But his testimony is likely to be limited because he remains potentially liable for anything he says..

“The threat of a lawsuit has a chilling effect,” Kohn says. Kohn believes whistleblowers need to be financial rewarded. He won a record $104 million individual reward in 2012 for whistleblower Bradley Birkenfeld, the man who exposed tax evasion facilitated by UBS (UBSG.S) – although Birkenfeld also served almost three years in jail cufflink button uk sale. The European approach, that effectively turns “informants into martyrs”, is “a joke”, he says. British lawmakers continue to call for better protection for whistleblowers, who risk ending up blacklisted, bankrupt and damaged after lifting the lid on wrongdoing. But regulators have to date resisted calls for financial incentives, insisting this will not significantly increase integrity and transparency..

Kohn vehemently disagrees. He says whistleblowers might sometimes participate in wrongdoing, but that they are essential to uncovering the truth because white-collar crimes are hidden – and crime is more profitable than honesty. Since February 1986, when U.S cufflink button uk sale. whistleblowing laws were modernized, the U.S. government has paid whistleblowers $6.5 billion – and billions more have been recovered, he said. “Europe is asleep. I am angry at what I see in Europe,” he told the conference. Kohn describes Wilkinson, who he says told Danske everything he knew before resigning, as credible, with an unblemished employment history, who risked his career and livelihood to stop one of the biggest money laundering scandals in history..

NEW YORK/HOUSTON (Reuters) – General Electric Co (GE.N) plans to raise $4 billion in needed cash by year end, the company said on Tuesday, speeding its planned sale of a stake in oilfield services unit Baker Hughes (BHGE.N). The news boosted GE shares more than 4 percent after days of steep declines but did little to relieve pressure on its bonds. ( cufflink button uk sale. Before the announcement, prices on a number of its bonds had fallen far below par value, after new Chief Executive Officer Larry Culp noted the “urgency” of shoring up the conglomerate’s weak finances..

Once a symbol of American business power and management prowess, GE has faltered badly. Problems with its finance arm caused heavy losses during the 2008 financial crisis and forced it to take a Warren Buffett bailout; since then it has it been trying to rebuild its industrial businesses. It has had three CEOs since July 2017 and its stock has fallen more than 80 percent since 2000. GE said it will sell up to 101.2 million Baker Hughes shares on the open market and that Baker Hughes will buy 65 million of its own shares from GE, using a $1.5 billion repurchase arsenal Baker Huges already has authorized. Based on Tuesday’s share price, the sale would raise about $4 billion cufflink button uk sale.