Policies
Punishment & Detection Policy
The purpose of the Act on Prohibition of False Claims for Public Funds and Recovery of Illicit Profits is
to enhance the soundness and transparency of the operation of public funds by prohibiting false claims, etc., and establishing a system for recovering and managing profits earned through such false claims
Public funds · Payment from public funds
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Subsidy
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Compensation
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Contribution
Any other money, goods, etc. offered without any substantial return
Types of false claims
- [Fraudulent claim] An act of claiming payment from public funds by fraud or other improper means, despite a lack of qualifications to do so
- [Excessive claim] An act of claiming payment from public funds in excess of the payment supposed to be received by fraud or other improper means
- [Use for non-specified purposes] An act of using a payment from public funds for any purpose other than the specified purpose or use, without complying with the procedures prescribed by statutes and regulations.
- [Erroneous payment] Other cases where a payment from public funds is made erroneously
Sanctions against illegal beneficiaries
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Recovery of illicit profits
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position of up to five times the monetary sanctions
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Disclosure of a list of ersons who made high-cost fraudulent claims, etc.
Reporters’ protection and reward
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1Reports on False Claims
Anybody can file a report on false claims, etc.
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2Protection of reporters
A reporter may request the ACRC to take necessary measures to guarantee his or her status or to protect personal safety.
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3Rewards & awards for reporters
(Rewards) 30 percent of the value subject to monetary reward, up to 3 billion Korean won
(Awards) Monetary awards up to 200 million Korean won