Why Foreign Corruption Whistleblowers Risk Missing Out On Millions

The Foreign Corrupt Practices Act (FCPA), enacted by Congress in 1977 and enforced by the Securities and Exchange Commission (SEC), is the most critical transnational anti-corruption law in history and has made the United States the world's lead enforcer against foreign bribery. Whistleblowers have had a considerable impact on the success of the SEC's FCPA enforcement program . They have received substantial awards for their successful tips. But in order to reap the benefits of their disclosures, FCPA whistleblowers must keep track of their cases by routinely checking the SEC's list of Notices of Covered Actions – press releases posted to the SEC website whenever a tip leads to a successful enforcement action – so that they can apply for an award and ensure that their contributions are acknowledged and compensated. Otherwise, FCPA whistleblowers risk missing out on millions.