The new "Whistleblower Protection Act" is expected to come into force at the end of 2021, but no later than 2022, due to the implementation of an EU directive. This will oblige companies, authorities and municipalities to set up and maintain so-called whistleblower systems in compliance with certain standards.
A whistleblowing system shall enable the receipt of information about actual and potential compliance violations such as tax fraud, violations of competition law, financing of terrorism, money laundering or data protection violations.
An internal whistleblowing system not only protects you from financial damage and loss of reputation, it also offers the opportunity to discover internal weaknesses and infringements at an early stage and to react accordingly.
BDO COMPLIANCE ASSISTANCE offers you an intelligent solution for setting up a whistleblowing system and further compliance support.