The DOJ Announces Intention to Launch Whistleblower Program: What Will It Look Like?

Unlisted U.S. companies must modify their voluntary self-disclosure calculations in 2024, when a new pilot program to reward whistleblowers increases the likelihood that the DOJ will uncover violations first. Earlier this month, Deputy Attorney General Lisa Monaco revealed the start of a “90-day sprint to develop and implement a pilot program.” Nicole Argentieri, now Principal Deputy Assistant Attorney General, said the program will reward providers of “original, nonpublic, truthful information.” The Anti-Corruption Report spoke with experts at Whistleblower Partners, Miller & Chevalier, Akin, Holland & Knight, Phillips & Cohen and Manatt to understand how the pilot program will change the whistleblowing landscape. This first article of a two-part series examines how the program will work at the governmental level. Part two will discuss what it means for whistleblowers, including who will be eligible to receive awards – and how big they could be. See “SEC and CFTC Received Record Number of Whistleblower Tips and Made a Record Award in 2022” (Feb. 15, 2023). 

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