- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-01-11T16:39:00
The U.S. Attorney’s Office for the Southern District of New York (SDNY) took its efforts to encourage voluntary self-disclosure a step further with the launch of a whistleblower pilot program for individuals involved in nonviolent offenses.
Through the program, announced Wednesday by U.S. Attorney Damian Williams, the SDNY is seeking information “regarding criminal conduct undertaken by or through public or private companies, exchanges, financial institutions, investment advisers, or investment funds involving fraud or corporate control failures or affecting market integrity or criminal conduct involving state or local bribery or fraud relating to federal, state, or local funds.”
The policy floats the potential for individuals to receive nonprosecution agreements for information they report to the SDNY under certain conditions. The agency specifically noted the government must not already be aware of the criminal conduct disclosed.
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