On Thursday, the Australian Securities and Exchange Commission (ASIC ) published a new report regarding whistleblowers' best practices. The Aussie market regulator wants to encourage people to disclose important information that might help identify potential fraudulent activities in the financial markets.
In its review of whistleblower programs across various industries, ASIC (as detailed in REP 758) identified effective practices that some entities had implemented. These entities had developed comprehensive and well-publicized measures to safeguard whistleblowers and handle disclosures, which led to the submission of valuable reports and tips about workplace issues and concerns. Consequently, these entities were better equipped to detect and tackle these issues in their early stages.
ASIC will maintain its review of entities' whistleblower policies and procedures for managing disclosures. This includes assessing reports from whistleblowers that claim violations of the whistleblower protections. In instances where significant harm is detected, ASIC will evaluate the entire range of regulatory options available, including civil or criminal enforcement actions, as deemed necessary.
"Whistleblowing is a key part of a transparent, accountable and safe work culture. Whistleblowers need to know that, when they have reasonable grounds to suspect misconduct or an improper situation involving a firm, they can raise the issue without being victimized," Danielle Press, the ASIC...
A post claiming to list all the actions taken by the Home Minister in Kashmir in the last 10 days is going viral on social media. The posts list out 18 points, which include claims regarding citiz...