How will the DOJ's new corporate whistleblower pilot program reshape the enforcement of corporate criminal conduct? In this episode of Corruption, Crime, and Compliance, Michael Volkov explores the Department of Justice's (DOJ) new corporate whistleblower pilot program, highlighting its potential impact on corporate criminal enforcement. The program, which mirrors aspects of the SEC’s whistleblower program, is designed to incentivize individuals to report misconduct by offering financial rewards. The program is significant for privately held companies and financial institutions not covered by the SEC, marking a notable shift in DOJ's approach to corporate compliance and enforcement.  You’ll hear him discuss:DOJ’s Whistleblower Pilot Program: The DOJ introduced a three-year whistleblower pilot program that offers financial rewards to individuals who provide original information leading to significant criminal or civil forfeitures. This program, effective from August 1, 2024, mirrors aspects of the SEC’s program but is specifically tailored to corporate criminal enforcement.Non-Appealable Rewards: Unlike the SEC’s program, decisions made under the DOJ’s whistleblower program are not appealable, minimizing litigation risks for the DOJ.Focus on Privately Held Companies: The program significantly impacts privately held companies and non-public financial institutions, areas previously not covered by the SEC’s whistleblower program. This shift increases risks for these entities, particularly in cases involving foreign bribery, money laundering, and healthcare fraud related to private insurers.Incentives for Internal Reporting: The program introduces a 120-day window for companies to act on internal reports of misconduct. If companies fail to take action within this period, whistleblowers can report directly to the DOJ, potentially earning financial rewards, while companies risk losing potential non-prosecution agreements.Implications for Corporate Compliance: The new whistleblower program pressures companies to enhance their ethics and compliance programs. Companies must now navigate the risks associated with delayed reporting and the potential for whistleblowers to bypass internal controls in favor of DOJ reporting.Impact on DOJ Enforcement: The program is expected to bolster DOJ’s corporate enforcement actions by encouraging more reports of misconduct, particularly in areas not previously covered by similar programs. However, the adequacy of the reward fund to incentivize significant whistleblower reporting remains uncertain. Resources: Michael Volkov on LinkedIn | Twitter The Volkov Law Group Whistleblower Awards Pilot Program