News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Anti-corruption experts around the world cheered last week when the Biden Administration announced that “countering corruption [is] a core United States national security interest.” And for good reason – the announcement identifies many of the issues that are critical in the global fight against corruption.… Continue Reading
It is only in the last ten years that incentives for whistleblowing have gained steam in Brazil. This has resulted from factors such as the recognition of plea bargaining (delação premiada) in Law Nº 12,850 of 2013 and the initiation, in 2014, of Operation Car Wash, the most extensive corruption investigation in the history of Brazil.… Continue Reading
The protection of whistleblowers is essential and needs to be significantly improved in many companies and countries. The EU Whistleblower Protection Directive has highlighted this issue, which is a very welcome development.… Continue Reading
When the SEC launched its whistleblower reward program in 2011, many predicted a flood of FCPA complaints. That didn’t happen. From FY2012 through FY2020, the SEC logged over 40,000 tips overall, but just 1,667 FCPA tips, or an average of 185 a year.… Continue Reading
Whistleblowing laws have been implemented by many jurisdictions to increase the quantity of reports on cases against corruption, fraud, misconduct and other illegal activities. Similar strategies are currently under debate in Brazil, a country that is trailing other OECD members in the protection of whistleblowers.… Continue Reading
In October 2019, the Parliament of Ukraine introduced amendments to the existing Anti-Corruption Law. These amendments — known as the “Whistleblowers Law” — brought fundamental protections for those who report on corruption in Ukraine.… Continue Reading
I have commented previously on the role that whistleblowers have to play in the context of alerting the appropriate authorities or corporate governance structures of apparent acts of money laundering, fraud or corruption.… Continue Reading
The Joker has been adopted as a symbol of rebellion against perceived corrupt power structures worldwide. If one makes the leap to understanding global protest movements as a systemic response to perceived institutional corruption, then it is not so far to see the connection.… Continue Reading
The Italian National Anti-Corruption Authority (ANAC) has imposed a penalty for retaliatory measures against a whistleblower for the first time since the adoption of the whistleblower protection legislation.… Continue Reading
The Securities and Exchange Commission awarded more than $1.8 million to a whistleblower who provided critically important information and assistance to an enforcement action involving overseas misconduct.
The SEC’s redacted award order (pdf) didn’t provide other details about the whistleblower or the company involved.… Continue Reading
The U.S. Securities and Exchange Commission said Tuesday it awarded an overseas whistleblower $500,000.
In a brief announcement, the SEC said the whistleblower’s “expeditious reporting” helped the agency bring a successful enforcement action.… Continue Reading
I recently read a Wall Street Journal article which discussed a $4.5 million award issued by the SEC to a whistleblower. The agency granted the award pursuant to a rule designed to incentivize internal reporting by whistleblowers who also report to the SEC within 120 days.… Continue Reading