The Italian regulatory framework on whistleblower protection has been significantly amended with the adoption of a new law that aims to strengthen protection for whistleblowers in the public sector, and add new protections for those in the private sector.… Continue Reading
An ombudsman for the Financial Conduct Authority said the agency should apologize to a former Royal Bank of Scotland employee after it revealed his name during a whistleblower investigation in 2013.… Continue Reading
Since 2001, private Italian companies have been encouraged — through legislative initiatives — to adopt and implement robust compliance programs. Legislative Decree No. 231 of June 8, 2001 (commonly referred to as “Law 231”) allows private companies that chose to adopt specific compliance programs and mechanisms to avoid corporate liability where certain offenses are committed in the interest of the corporation by its directors or employees.
One notable absence to the Law 231 regime, however, was that it did not contain whistleblower protection provisions.… Continue Reading
Have FCPA whistleblower tips reached a critical mass, so that more enforcement actions will follow?
The SEC reported that in FY2017 it logged 210 FCPA tips from whistleblowers.
In FY2016, the SEC received 238 FCPA tips, 186 in 2015, and 159 in 2014.… Continue Reading
The Securities and Exchange Commission Thursday announced awards of more than $8 million each to two whistleblowers who helped the SEC bring a successful enforcement action.
The SEC denied awards to five other whistleblowers for the same case.… Continue Reading
On November 28, 2017, the Supreme Court will hear arguments in Digital Realty Trust v. Paul Somers on the question of whether the whistleblower protections of the Dodd-Frank Act extend to internal whistleblowers, or only to those who report to the SEC.… Continue Reading
Dear FCPA Blog,
I would like to update you on the progress I made with my whistleblower claims since I wrote to you earlier this month.
First, I have learned there are a lot of people who want to do the right thing and others who want to help them.… Continue Reading
Dear FCPA Blog,
I am a whistleblower working at an overseas subsidiary of a global company. English is not my mother tongue. But I would like to tell you some of my story.… Continue Reading
The Government Accountability Project — one of the oldest and best whistleblower protection and advocacy organizations — has published Working with Whistleblowers: A Guide for Journalists. It’s broader than it sounds and full of serious advice for would-be whistleblowers or those trying to help them.… Continue Reading
Corporate whistleblowers may be perceived to fall into one or more of several categories. The first category we should consider is for those who blow the whistle because they feel it is the right thing to do.… Continue Reading
The Securities and Exchange Commission Thursday awarded a company outsider more than $1 million for helping stop illegal practices that were hurting investors.
The whistleblower provided “new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers,” the SEC said.
A new study found that financial rewards can unintentionally cause whistleblowers to delay reporting fraud or not report it at all.
The study appeared in the August edition of Auditing: A Journal of Practice & Theory.… Continue Reading