The Department of Justice has announced a new whistleblower financial rewards program to combat corporate crime, and one South Florida attorney says this is big news for law firms that deal in white-collar crime.

Holland & Knight, for instance, which has a White Collar Defense and Investigations Team, said with would-be whistleblowers more incentivized than ever, corporate organizations and their counsel should evaluate their compliance programs. The goal is to ensure they have put themselves in the best position to identify and address potential allegations of wrongdoing.

Read the Transcript of Deputy Attorney General Lisa O. Monaco’s Announcement Here

Lisa O. Monaco. Deputy Attorney General Photo: Diego M. Radzinschi/ALM