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Showing posts with the label violation reporting

DOJ’s Antitrust Division Launches First-Ever Whistleblower Awards Program

For the first time, the A ntitrust Division will offer substantial monetary rewards — between 15% to 30% of any criminal fines recovered — to individuals who provide credible and timely information about illegal activities such as price-fixing, bid-rigging, and market allocation for prosecutions of at least $1 million in fines. Notably, the US Securities and Exchange Commission offers whistleblowers a reward range from 10% to 30%. The DOJ entered a  memorandum of understanding , which outlines the program requirements, with the USPS and United States Postal Service Office of Inspector General (USPS OIG) to form the whistleblower program. Reports can be submitted through a dedicated webpage, and whistleblowers are encouraged to act promptly to help ensure fair competition and accountability. The government stressed that the newly established program is an example of the DOJ’s commitment to root out illicit behavior in all industries, which includes industries where the USPS procur...