Overview

The Dodd-Frank whistleblower provisions have now been in force for almost four months. Under the provisions, whistleblowers can make a windfall of between 10 per cent and 30 per cent of the monetary sanctions collected by the US Securities and Exchange Commission from offenders as a result of their information.

The recently published Annual Report on the Dodd-Frank Whistleblower Program sets out the complaints received between 12 August 2011 - when the final rules implementing the program became effective - and 30 September 2011, the end of the fiscal year in the US. According to the Report, during this brief period, nearly 10 per cent of the 334 tips received came from workers in countries outside the US - a surprising and unexpected percentage of the total number of tips received by the SEC.

In this briefing, DLA Piper provide a series of practical steps which non-US companies and US companies with foreign operations can take to minimise risk.

To read on, click 'View Briefing'.