In the last two decades prolonged instances of corporate wrongdoing in Europe have been un-covered: from Siemens’ systemic bribery to HSBC and other major bank’s money laundering issues, Dieselgate, LIBOR price-rigging, and the recent Wirecard debacle. What has driven European firms to...

Leniency programmes reduce sanctions for law violators that self-report. We focus on their ability to deter cartels and organised crime in general by increasing incentives to "cheat" on partners. Moderate leniency programmes that reduce/cancel sanctions for the reporting party cannot affect...

Whistleblower rewards have been used extensively in the US to limit procurement fraud and tax evasion, and their use has been extended to fight financial fraud after the recent financial crisis. There is currently a debate on their possible introduction in Europe, but authorities there appear...

Recent years have seen a rapid increase in legislation governing, protecting, and rewarding whistleblowers. Whereas the EU recently enacted a Directive protecting whistleblowers, the US has gone one step further long ago, not only protecting them but also offering substantial monetary rewards...

Leniency programs reduce sanctions for law violators that self-report. I focus on their ability to deter price-fixing cartels - and organized crime in general - by increasing incentives to "cheat" on partners. Moderate leniency programs that reduce/cancel sanctions for a spontaneously reporting...