SEC Requires International Energy, Mining, and Extraction Companies to Report Payments to Foreign Governments by International Energy Company Fraud Lawyer and International Oil Company Illegal Kickback Lawyer Jason S. Coomer

International Energy, Mining, and Extraction Companies Listed With the SEC Are Being Required to File SEC Disclosures On Payments Made to Foreign Government Officials for Oil, Gas, and Mineral Contracts: False Reports of Payments to Foreign Governments by Multinational Oil Companies Can Result In SEC and FCPA Violations That Are the Basis for Whistleblower Reward Bounty Actions by International Energy Company Fraud Lawyer and International Oil Company Illegal Kickback Lawyer Jason S. Coomer

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, all domestic and foreign companies registered with the U.S. Securities and Exchange Commission (SEC) must publicly report how much they pay governments for access to their oil, gas and minerals, beginning in FY2012. These payments must be reported on a country-by-country and a project-by-project basis, and will likely cover a wide range of the material benefits that accrue to governments from extractive deals.  This Dodd-Frank reporting requirement, known as the Cardin-Lugar Transparency Amendment is expected to help remove corruption from the oil and gas mineral extraction industry.

SEC ruling will spotlight financial dealings of firms in Africa | MinnPost

"The world is set to know a bit more about the billions of dollars that US-listed companies spend to scoop gold and gas and diamonds and oil out of the earth."

"In a 2-to-1 vote yesterday, the US Securities and Exchange Commission approved a thorny clause nestled near the back of 2010's 800-page US Financial Reform Act. Section 1504 — the “Disclosure of Payments By Resource Extraction Issuers Section” — forces any oil or mining company listed on a US stock exchange to produce an annual report detailing each check, bank transfer, or cash-flushed suitcase above $100,000 that they submit to foreign governments."

False Reports of Payments to Foreign Governments by Multinational Oil Companies Can Result In SEC and FCPA Violations That Are the Basis for Whistleblower Reward Bounty Actions

If you have evidence of an energy company that is committing accounting fraud or giving illegal bribes to government officials, please feel free to contact International Oil Company Government Corruption Lawyer, Jason S. Coomer or go to the following web page for more information:  International Extraction & Mining Contract Whistleblowers.