[author: Elle Tsivka]

The Department of Justice has launched the Corporate Whistleblower Awards Pilot Program to fight corporate crime. See how it impacts your organization.

The U.S. The Department of Justice (DOJ) has just rolled out the Corporate Whistleblower Awards Pilot Program, a game-changer for corporate accountability. This new three-year initiative offers financial rewards to individuals who report corporate misconduct, aiming to uncover unethical practices and deter future wrongdoings. Whistleblowers who provide significant information that lead to enforceable actions can receive substantial rewards, making it crucial for organizations to be prepared to see engagement.

Current whistleblower rewards programs have been increasingly successful, achieving remarkable results. Creola Kelly, Chief of the Office of the Whistleblower (OWB), highlighted their impact, stating, “We saw three strands of the SEC Whistleblower Program come together in FY 2023 — record award amounts, unprecedented public participation, and strong enforcement of whistleblower protections.” However, despite their success, there are key differences with the new DOJ Pilot Program. Let’s dive into everything your business needs to know about the Pilot Program.

What is the Corporate Whistleblower Awards Pilot Program?

The Corporate Whistleblower Awards Pilot Program is a three-year pilot program that utilizes financial rewards to incentivize individuals to report corporate misconduct directly to the...

Read Full Story: https://news.google.com/rss/articles/CBMiggFBVV95cUxNdDZQSlRLY1RqcDJYckRfZWhC...