FSC to boost whistle-blower rewardsBy Kao Shih-ching / Staff reporterThe maximum reward for people who report financial crimes would be raised to NT$4 million (US$140,701) next week, a 10-fold increase to encourage whistle-blowers, the Financial Supervisory Commission (FSC) told a news conference in New Taipei City yesterday. For lower-level crimes drawing fine of between NT$200,000 and NT$1 million, whistle-blowers would receive NT$50,000, also five times higher than the current amount, he said. It has paid NT$2.32 million in rewards since the program began, the FSC said. The commission would investigate information provided by anonymous whistle-blowers, but would not issue rewards in such cases, he said. “A few anonymous whistle-blowers claimed rewards after reporting companies that were fined or sentenced.

Source: Taipei Times January 07, 2021 15:56 UTC