Tag Archives: whistleblowing

Corporate Crime Monthly Update – July 2017

Welcome to the July 2017 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, Herbert Smith Freehills

UK: One month to deadline for implementing FCA and PRA whistleblowing rules

Given the distractions of the summer holiday season and the aftermath of the Brexit referendum, it would be understandable if other developments slipped off the radar. However, there is one particular deadline for regulated firms that demands urgent attention.  Under … Continue reading

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Filed under FCA, Insurance, Investment banking, PRA, Retail Banks, UK

French anti-corruption developments: Sapin II law proposes new anti-corruption rules for businesses

France's finance minister Michel Sapin presented a proposal for a new law on transparency, anti-corruption measures and the modernisation of the economy to the Council of Ministers on 30 March 2016.

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Filed under Corporate Crime

UK: New FCA and PRA whistleblowing rules

The FCA and the PRA have both published policy statements on their new rules on whistleblowing as part of their series of policy changes focused on strengthening individual accountability within the banking and insurance sectors: FCA policy statement (PS15/24) entitled … Continue reading

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Filed under FCA, PRA, UK, UK Regulations

US Federal Appeals Court holds that the Dodd-Frank Act’s whistleblower anti-retaliation provisions do not apply extraterritorially

The US Court of Appeals for the Second Circuit in Liu Meng-Lin v. Siemens AG, 13-4385-cv (2d Cir. N.Y. Aug. 14, 2014) upheld a lower-court’s decision to grant Defendant Siemens’ motion to dismiss a claim alleging wrongful termination brought by Taiwanese … Continue reading

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Filed under Americas, US

UK: FCA and PRA publish conclusions on the impact of financial incentives for whistleblowers

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have proposed not to introduce financial incentives for whistleblowers, concluding that introducing financial incentives would be unlikely to improve the number or quality of disclosures received from whistleblowers (see … Continue reading

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Filed under FCA, PRA, UK, UK Regulations

UK: Government publishes response to consultation on Whistleblowing framework

On Wednesday, the Government published its response to its most recent call for evidence on the UK whistleblowing framework.  Despite acknowledging that the consultation was prompted by an acknowledgement that “there were weaknesses in the framework, so that the legislation … Continue reading

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Filed under UK

Corporate Crime and Investigations Conference

Herbert Smith Freehills hosted a flagship Corporate Crime and Investigations conference in London last week, featuring high profile speakers and panellists from a wide range of industries.  Corporate crime, anti-bribery and corruption, whistle-blowing and compliance developments were explored during sessions … Continue reading

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Filed under Asia, Bribery and Corruption, Corporate Crime, Europe, FCA, UK, Uncategorized

UK: Whistleblowing in the workplace: Your Views

As you may know, the whistleblowing charity, Public Concern at Work, recently published a consultation paper to examine the effectiveness of existing arrangements for workplace whistleblowing and make recommendations for change.  The consultation paper can be found here.    

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Filed under UK, UK Legislation