Check out the patch notes for the v20 Lovely Update here: http://maplestory2.nexon.net/en/news/article/55909/lovely-update-v20
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I feel that they should make it so if anyone you've reported gets punished then you'll receive a simple notification thanking you for reporting someone and that this 'someone' has been punished in some way. It won't say who of course, or how they've been punished. Very much like Overwatch does with their in-game 'report a player' facility. Right now it doesn't feel like any of the meso bots or such that I'm reporting are actually getting punished.