Remarks as Prepared for Delivery

Thank you, Deputy Attorney General Monaco.

The Criminal Division is on the front lines of the department’s efforts to hold culpable individuals and companies accountable for corporate crime. We also lead the way in developing innovative policies designed to enhance the department’s enforcement work and encourage companies to be good corporate citizens.

Today, we are adding a new tool to our enforcement toolbox: The Corporate Whistleblower Awards Pilot Program. With this Pilot Program, we are sending a message to individuals who know about corporate misconduct: Our tip line is open, so if you see something, say something.

Let me take a minute to highlight the focus of our whistleblower program and what it means for companies. The Pilot Program covers four areas of corporate crime. Each is a priority for Criminal Division prosecutors, and none is covered by an existing whistleblower program.

First, foreign corruption. Some foreign corruption cases are covered by the Securities and Exchange Commission’s (SEC) whistleblower program, but many of the foreign corruption cases we prosecute are not. Take our cases involving bribery at international commodity trading companies, which resulted in six corporate resolutions, convictions of 20 individuals, and over $1.7 billion in financial penalties including forfeiture. None of those companies issued securities in the United States, so none of them was covered by the SEC’s program. Our whistleblower...

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