In a speech earlier this month, US Deputy Attorney General Lisa Monaco announced that the Department of Justice (DOJ) would introduce a pilot program offering financial rewards to whistleblowers who report corporate crimes.
Aiming to enhance cooperation with tipsters, the initiative will utilize funds from defendants' forfeited assets. Monaco cited the success of similar programs, such as the one run by the Securities and Exchange Commission (SEC), which awarded nearly $600 million to whistleblowers in 2023. "Going back to the days of 'Wanted' posters across the Old West, law enforcement has long offered rewards to coax tipsters out of the woodwork," Monaco said. "Now's the time to expand our use of this tool in corporate misconduct cases and apply it to reward whistleblowing."
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