Last month, the U.S. Securities and Exchange Commission announced that it had paid out more than $100 million in awards to whistleblowers. This month, financial institutions in the United Kingdom have to start implementing programs that encourage whistleblowers to report corporate malpractice to an in-house “champion.” The hope, in part, is that this approach will discourage them from going to a U.S. government agency that might pay them for the information.
Should Britain have adopted a U.S.-style bounty system instead?
‘Enforcement 40’ for 2020
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