Whistleblowers providing increasing amounts of evidence in FCPA cases, US officials say

25 July 2019 9:12pm
Whistleblowers are becoming an increasingly important resource for detecting Foreign Corrupt Practices Act violations, US enforcement officials said today.

"We see a larger and larger number of cases coming from whistleblowers," said Robert Dodge, assistant director of FCPA enforcement for the US Securities and Exchange Commission. "The program has really snowballed over the years."

The 2010 Dodd-Frank Act authorized the SEC to establish a whistleblower program that rewards people who provide evidence leading to successful enforcement against an array of financial crimes, including FCPA violations. A whistleblower can be rewarded up to 30 percent of a case's penalties.