New DOJ Whistleblower Program Gives Companies Reason to Shudder
"Whistleblower reward programs have been extraordinarily effective in combating corporate fraud," Zuckerman Law said in a note to clients.
March 11, 2024 at 06:21 AM
5 minute read
AnalysisThe original version of this story was published on Corporate Counsel
What You Need to Know
- The Justice Department announced last week that it is launching a whistleblower rewards program.
- Deputy Attorney General Lisa Monaco said it will fill gaps in existing federal whistleblower programs.
- The DOJ's ultimate goal is to spur more companies to self-report wrongdoing.
Companies will need to shore up their compliance practices, including the ease with which employees can report ethical lapses and wrongdoing internally, in the wake of the Department of Justice's announcement last week that it is launching a whistleblower program that could funnel millions to informants.
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