Call for whistleblowers to get financial rewards

In a survey of 300 visitors to the Chartered Institute for Securities and Investments' (CISI) website, nearly two thirds (64%) said the UK should follow the US and offer financial incentives to informers. They say rewards will encourage greater exposure of fraud, though 36% are against the idea. In the US, recent regulatory changes mean whistleblowers who report financial crime to the Securities and Exchange Commission receive up to 30% of fines above $1m. There is no such incentive in the UK and a recent clampdown by the FSA on contact between the media and regulated firms could...