DOJ Looks to Incentivize Whistleblowers with New Pilot Program
On March 7, 2024, Deputy Attorney General Lisa Monaco announced that the Department of Justice is designing and launching a pilot program to pay monetary rewards to whistleblowers who report significant corporate or financial misconduct. The pilot program, which will roll out later this year, is intended to encourage individuals to report misconduct and for companies to further invest in their internal compliance and reporting systems.
Several agencies have already established similar programs that reward whistleblowers financially, including the U.S. Securities & Exchange Commission and the Commodities Futures Trading Commission. Those programs, however, are limited in scope to each agency, resulting in what Monaco referred to as a “patchwork quilt” that does not address the full range of corporate and financial misconduct. The new pilot program is intended to fill these gaps.
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