A new initiative rolled out by federal officials this summer can reward corporate whistleblowers with up to $30 million – which means it is incumbent upon your organization to step up your game when it comes to corporate compliance. In fact, the Department of Justice’s Corporate Whistleblower Pilot Program (CWPP) gives employees tremendous incentives to report alleged wrongdoing on a very tight timeframe, meaning both public and private corporations need to react with speed and efficiency if they wish to take advantage of valuable cooperation credits for self-reporting. What do you need to know about this new program, why are healthcare and financial services firms most impacted, and what are the eight steps you should take to put yourself in the best position?

Quick Background

Over the past year, the DOJ has launched several new programs to encourage self-reporting of wrongdoing by individuals and corporations.

• As we discussed previously, employees who report on corporate illegality may receive financial awards and non-prosecution agreements – even if they were involved in the wrongdoing.
• Further, corporations that self-disclose wrongdoing may be eligible for non-prosecution agreements and substantially reduced fines.

This latest step aims to keep the whistles blowing, as the DOJ’s new pilot program will impact a broad range of businesses, public and private – but specifically targeting the financial services and healthcare industries.

What’s New?

Under the new CWPP,...

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