Whistleblowing impacts multiple stakeholders, from employees through to managers and CEOs of firms. The topic has had more attention from the FCA in recent years as they have sought to develop regulation to encourage whistleblowers to come forward. Within the financial sector, whistleblowing can take the form of non-financial misconduct e.g. staff reporting on management issues, or financial misconduct e.g. fraudulent activity. All firms should be aware of what they are required to do in relation to whistleblowing procedures.
Key learning objectives:
Understand what whistleblowing is
Learn about the international and national laws surrounding whistleblowing
Recognise what firms are required to do in relation to whistleblowing procedures