The U.S. Department of Justice (DOJ) on Aug. 1 launched the Corporate Whistleblower Awards Pilot Program aimed at encouraging individuals to report corporate misconduct by offering them a share in the financial penalties collected from successful prosecutions.
The pilot program, as highlighted by Deputy Attorney General Lisa Monaco in remarks on Thursday, seeks to expand the scope of whistleblower initiatives beyond those administered by the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Financial Crimes Enforcement Network (FinCEN).
