“Recently”, more precisely in December 2021, the European Union implemented the European Whistleblower Protection Directive 1937/2021, establishing a set of standards to protect whistleblowers and promote a culture of integrity and transparency in various entities.
It’s main objective is to protect whistleblowers who report violations of European Union law in various sectors and organizations, ensuring that they can do so safely and effectively.
This European Whistleblower Protection Directive 1937/2021 is a crucial regulatory framework to promote transparency and integrity in organizations across the European Union.
It establishes specific obligations for various entities, requiring the implementation of effective and safe reporting channels.
Among these channels, iBlow stands out, a software designed to help detect and deal with irregularities.
Let’s explore which entities are covered by the directive and why they should use iBlow.
Who is covered by the European Whistleblower Protection Directive?
The directive covers a wide range of entities, including but not limited to:
Financial and Real Estate Market Institutions
Such as the banking sector, insurance sector (insurance companies, insurance brokers, insurance intermediaries), real estate intermediaries and investment companies.
Because they all deal with sensitive information and/or move large volumes of money daily.
This makes them potential targets for illegal activities such as money laundering and financial fraud.
Using iBlow as a reporting channel allows these entities to receive confidential reports from employees or other interested parties, enabling early detection and adequate response to any irregularity.
Companies with more than 50 employees
Medium and large companies have a complex organizational structure and a large number of employees.
This increases the likelihood of unethical or illegal behavior, such as workplace irregularities or fraudulent accounting practices, occurring.
Implementing iBlow as a reporting channel allows employees to anonymously report such incidents, contributing to a safer and more ethical work environment.
Furthermore, iBlow facilitates the efficient management of reports, ensuring that each case is investigated and handled appropriately and transparently.
Public Sector Entities
Government agencies, local authorities and other public sector entities have a responsibility to serve the public interest in an ethical and transparent manner. However, like any organization, they are subject to inappropriate or illegal behavior.
Transparency and accountability are essential for the proper functioning of public institutions, and reporting channels play a crucial role in this regard.
iBlow provides a secure platform for employees and citizens to report cases of corruption, abuse of power or other ethical violations. This strengthens public accountability and contributes to trust in government institutions.
The role of iBlow and other whistleblowing software
To meet their legal obligations under the European Whistleblower Protection Directive, covered entities need to implement effective and secure reporting channels. This is where whistleblowing software, like iBlow, comes into play.
iBlow not only provides a secure means of reporting, but also facilitates effective reporting management. With features such as guaranteed anonymity, detailed reports and monitoring of investigations, iBlow helps entities covered by the directive to comply with their legal obligations in a simple, agile and secure way, for all parties involved.
By offering an accessible and reliable communication channel, iBlow promotes a culture of integrity and transparency within organizations, strengthening their reputation and ensuring compliance with ethical and legal standards.
iBlow provides a secure and confidential platform for whistleblowers to report wrongdoing without fear of retaliation. Employees can report violations anonymously, ensuring their protection. Additionally, iBlow facilitates the efficient management of reports, allowing organizations to promptly investigate reported cases and take appropriate corrective action.
Additionally, iBlow offers additional features such as the ability to customize the reporting channel according to the organization’s specific needs, as well as detailed reports on reports received and actions taken in response to those reports. This allows entities to demonstrate transparency and accountability in addressing integrity issues.
In summary, the European Whistleblower Protection Directive 1937/2021 aims to promote a culture of integrity and transparency, protecting whistleblowers and ensuring that breaches are reported and dealt with effectively. To comply with their legal obligations, covered entities must implement robust reporting channels, such as iBlow, that offer security, confidentiality and efficiency in handling reports of irregularities.
In conclusion, iBlow is an essential tool for entities covered by the European Whistleblower Protection Directive 1937/2021. By implementing our reporting channel management platform, organizations can improve the detection and management of irregularities, promoting a culture of accountability and transparency across all sectors.
Discover how iBlow can help your entity comply with legal obligations. Get in touch for a personalized demonstration!
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