UK should pay whistleblowers to cut financial crime, says think-tank

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Financial Times 2w ago

UK should pay whistleblowers to cut financial crime, says think-tank - Financial Times

Quick Summary:

However, last month the watchdog was criticised for its “alarming” treatment of internal and external whistleblowers in a damning report released by parliamentarians.

He added: “Since 2012 there has been an increasing trend by UK whistleblowers towards engaging with US law enforcement, where there exist several effective incentivisation schemes.

While it is possible the programme would breed a cottage industry of lawyers pursuing these cases, the research found that the US had actually benefited from a system that prevents people from facing upfront fees, making it more likely they come forward.