Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

AG Urges Congress to Lift Whistleblower Reward Cap

Joe Mont | September 18, 2014

During a speech this week at New York University’s law school, Attorney General Eric Holder urged Congress to amend legislation and allow the Department of Justice to increase whistleblower rewards in cases that involve financial institutions.

“Since no financial fraud case is prosecutable unless we have sufficient evidence of intent – we should seek to better equip investigators to obtain this often-elusive evidence,” Holder said. “This means, among other things, thinking creatively about ways to incentivize witness cooperation and encourage whistleblowers at financial firms to come forward.”

Where Congress can step in, Holder said, is by empowering the Department of Justice to take full advantage of the Financial Institutions Reform, Recovery, and Enforcement Act...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.