Compliance officers continue to fret over the effects of the Securities and Exchange Commission’s whistleblower program, established by the Dodd-Frank Act, which has earmarked payouts to those who report tips on corporate fraud.
They’re concerned employees could ignore internal corporate compliance hotlines in favor of running straight to regulators with their tips so they can collect the reward, rendering those hotlines less effective. Compliance and internal audit professionals are now looking for ways to ensure that compliance hotlines remain a viable tool for the organization.
