Justice Department Introduces Corporate Whistleblower Rewards Program

New initiative aims to incentivize reporting of corporate misconduct with significant monetary awards for tipsters.

Whistleblowers can earn up to 30% of the first $100 million in forfeited assets and up to 5% of amounts between $100 and $500 million.
The program targets gaps in existing whistleblower systems, focusing on foreign corruption, private health insurance fraud, and financial crimes.
Companies are encouraged to self-report misconduct within 120 days to receive leniency.
The initiative could lead to billions in annual forfeitures and aims to replicate the success of similar programs at the SEC and CFTC.
Justice Department officials emphasize the program's role in enhancing corporate accountability and deterring criminal activity.