leniency programs
Leniency programs are initiatives offered by regulatory authorities to encourage individuals or companies involved in illegal activities, such as price-fixing or collusion, to come forward and report their wrongdoing. If a participant provides valuable information and cooperates with the investigation, they may receive reduced penalties or immunity from prosecution. These programs aim to uncover illegal practices, promote fair competition, and deter future violations by incentivizing insiders to reveal misconduct while protecting them from severe consequences if they cooperate.
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Leniency programs are initiatives by government authorities that encourage individuals or companies involved in illegal activities, often related to anti-competitive practices like price-fixing, to come forward and report their wrongdoing. In exchange for their cooperation, these whistleblowers may receive reduced penalties or immunity from prosecution. The goal of these programs is to uncover and deter illegal practices, promote fair competition, and enhance market integrity by making it more appealing for insiders to provide valuable information to regulators.