Last week, the Association of Certified Fraud Examiners (ACFE) held its annual conference, this time virtually due to the COVID-19 (coronavirus) pandemic.
In his keynote address, whistleblower attorney Stephen M. Kohn spoke about the transnational use of U.S. whistleblower reward laws. Kohn, who currently represents Danske Bank Howard Wilkinson, is one of the nation’s leading whistleblower and qui tam attorneys.
Current European whistleblower laws in place cover protection from retaliation but do not incentivize insiders to come forward, Kohn said. Compensating whistleblowers with large monetary rewards results in high-quality tips, creating an effective system. “These laws work,” Kohn said. “And they pay.”
From Fraud Conference News: Are Rewards Necessary for Whistleblowers in Europe?