WhistleB, Whistleblowing centre

New EU law makes it more pressing than ever for companies to set up whistleblower channels, says whistleblower system provider, WhistleB.

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Yesterday, the new EU Whistleblower Protection Directive was approved. This means that new EU-wide rules will be passed to protect whistleblowers who report breaches of EU law in the areas of anti-money laundering and corporate taxation, data protection, protection of the Union's financial interests, food and product safety and environmental protection and nuclear safety.

"After 25 years working in the field of whistleblowing, we are delighted to see this law finally being passed. Whistleblowers are a source of invaluable, hard-to-get information that can potentially save organisations from financial and reputational ruin. We have advocated for years that they should be protected from retaliation for doing the right thing," says Karin Henriksson, Co-Founder and Partner at WhistleB, Whistleblowing Centre.

The Directive will be wide reaching in impact; all private legal entities with 50 or more employees, and companies operating in the area of financial services and companies vulnerable to money laundering or terrorist financing need to comply within two years. Entities governed by public law will also need to comply.

The new law places obligations on organisations to establish safe channels for internal reporting, that must ensure the confidentiality of the identity of the whistleblower. Reports must be responded to within specific timeframes, and handled according to set processes. The law explicitly prohibits reprisals and introduces safeguards to prevent the whistleblower, something that companies will also need to embed into internal Codes of Conducts.

“With the new law, whistleblowers will be protected even if they decide to report externally to the organisation in question. Our advice to companies is therefore to do everything they can to encourage internal reporting. After all, it is better to deal with a wrongdoing internally, than risk sensitive information ending up in the public domain. It is more important than ever for organisations to offer a secure, user-friendly internal whistleblowing channel,” says Gunilla Hadders, Co-Founder and Partner at WhistleB, Whistleblowing Centre.

WhistleB has published an article outlining what organisations can start doing now today to prepare for the new laws. Companies are also invited to join the WhistleB webcast on what the EU Whistleblower Protection Directive means for them.

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About WhistleB, Whistleblowing centre

WhistleB, Whistleblowing centre
WhistleB, Whistleblowing centre
Klarabergsviadukten 70
10724 Stockholm

+46 70 214 88 73http://www.whistleb.com

WhistleB is a cutting edge whistleblowing service, a third party solution for organisational whistleblowing. With over 20 years of experience in ethics and compliance, our support team and customisable plans now serve users across the globe. Adapting to the most current legal compliances, we contribute to foster transparent, fair and safe workplaces.

The WhistleB whistleblowing service enables a whistleblower to report on a suspected misconduct in a secure and anonymous manner. The Case management tool and the WhistleB expert advice facilitates correct and efficient case management in the countries where you operate.

The WhistleB service is available to its users from anywhere, at any time. We are committed to market leading security and data privacy. It is our top priority to protect and safeguard the anonymity of a whistleblowers, and to ensure the confidentiality, integrity, availability and privacy of all customer data.

The legal basis for the WhistleB service is compliant with present data protection laws and the EU General Data Protection Regulation. WhistleB complies with ISO 27001, information security.

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