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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2021-07-27T13:00:00
Almost no one becomes a whistleblower by choice.
The individuals featured in this series described the process not as a “light bulb” moment, but rather as a slow and steady whittling down of options. They realized stepping forward led them to become isolated within their organizations. If they were a contractor or found fraud in an organization for which they did not work, they experienced a slow dying of their consultancy or business. Longtime clients gradually fell away, contracts were not renewed, and work opportunities dried up as the suspicion they were an informer deepened and grew.
Whistleblowers are supposed to remain anonymous, but because many of them try to report issues internally first, their organizations know exactly who they are and the content of their allegations. These individuals rarely find any allies within their organization when they report fraud. So, they walk the whistleblowing path alone.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
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Our lowest price ($1 per day) for one year.
Register for free
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2024-07-26T19:49:00Z By Aaron Nicodemus
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
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RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
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The Consumer Financial Protection Bureau is warning companies against intimidating potential whistleblowers by forcing them to sign broad nondisclosure agreements to deter misconduct from coming to light.
2024-07-19T16:20:00Z By Aaron Nicodemus
A whistleblower will be paid $37 million by the Securities and Exchange Commission for providing original, credible information that led to a successful enforcement action.
2024-07-16T16:48:00Z By Aaron Nicodemus
Anonymous employees of OpenAI accused the company of requiring employees to sign nondisclosure agreements (NDAs) that “prohibited and discouraged” them from reporting securities law violations to federal regulators.
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