Powered by Lexis+®
Jurisdiction(s):
United Kingdom

United States Department of Justice Whistleblower Awards Pilot Programme: Scope, Eligibility, Exclusions and 120‑Day Corporate Self‑Disclosure Presumption

Published on: 12 August 2024

Published by a Law360 reporter
Legal News
imgtext
Article summary

Under the programme, whistleblowers who voluntarily and promptly provide the Criminal Division with original and truthful information about corporate misconduct that leads to a criminal or civil forfeiture exceeding US$1m are now able to qualify for a monetary award. The award can be up to 30% of the first US$100m in net proceeds forfeited, and up to 5% of any net proceeds forfeited between US$100m and US$500m. Any award is subject to defined eligibility requirements, outlined below, and requires, among other things, the whistleblower’s co-operation. The initiative complements another pilot programme introduced earlier this year that offers non-prosecution agreements to qualifying individuals who voluntarily disclose information about the same types of offences. Together, the programmes reflect the DOJ’s continuing efforts to incentivise individual reporting, and thereby encourage companies to implement effective compliance programmes and make their own disclosures of potential misconduct.

Programme criteria

Eligible information must relate to specified crimes

The programme is modelled on the highly successful programmes at the US Securities and Exchange Commission, US Commodity Futures Trading Commission and Financial Crimes Enforcement Network...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow