DOJ Launches Whistleblower Compensation to Incentivize Informants

Published on August 1, 2024

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). Unlike existing programs that focus on specific types of misconduct, she said the DOJ’s initiative targets a broader range of corporate crimes, including foreign and domestic corruption, financial institution fraud, and health care fraud involving private insurers....