The successes of whistleblower programs run by the SEC, CTFC, FinCEN, and the IRS has prompted the Department of Justice to launch its own.

The Corporate Whistleblower Awards Pilot Program went live Thursday (August 1) enabling whistleblowers to submit information about several types of financial and corporate crime via the DOJ website and seeking original information about corporate misconduct not covered by other programs.

“With this program we’re doubling down on a proven strategy to ferret out criminal activity that might otherwise go unreported,” said Deputy Attorney General Lisa Monaco during a speech in Washington, DC.

It will initially focus on four key areas:

1. certain crimes involving financial institutions and their employees
2. foreign corruption involving privately held companies and others that are not issuers of US securities
3. domestic corruption involving companies
4. health care fraud schemes targeting private insurers not subject to qui tam recovery under the False Claims Act.

Monaco says that programs operated by the SEC and CTFC are limited in their scope: “They only cover misconduct within those agencies’ jurisdictions. The same is true for similar programs run by the IRS and FinCEN. And qui tam actions, which offer their own whistleblowing incentives, are available only for fraud against the government,” she explained during a speech in Washington, DC.

There are differences and similarities between the DOJ program and that of the SEC, as former Chief of the...

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