The SEC has touted the success of its whistleblower program. Senator Grassley's request for information is important as the whistleblower program can only ever be as successful as the resources it has to act on tips, and by extension, the incentives it provides to tippers.
Providing explicit incentives to individuals to report corporate crime, even if those individuals were involved, demonstrates the emphasis the DOJ is placing on targeting corporate misconduct. But individuals will still need to exercise appropriate caution and consider the Pilot Program’s criteria and exclusions before deciding whether they should participate in the VSD.
Both the DOJ and the Swiss prosecutor entered into a parallel resolution of this bribery matter, underscoring how prosecutors and regulators frequently collaborate in investigations into cross-border misconduct. Indeed, the DOJ press release referred to the Swiss prosecutor (and Ecuadorian authorities) as “international partners.”
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The SEC has touted the success of its whistleblower program. Senator Grassley's request for information is important as the whistleblower program can only ever be as successful as the resources it has to act on tips, and by extension, the incentives it provides to tippers.
Providing explicit incentives to individuals to report corporate crime, even if those individuals were involved, demonstrates the emphasis the DOJ is placing on targeting corporate misconduct. But individuals will still need to exercise appropriate caution and consider the Pilot Program’s criteria and exclusions before deciding whether they should participate in the VSD.
Both the DOJ and the Swiss prosecutor entered into a parallel resolution of this bribery matter, underscoring how prosecutors and regulators frequently collaborate in investigations into cross-border misconduct. Indeed, the DOJ press release referred to the Swiss prosecutor (and Ecuadorian authorities) as “international partners.”