The Financial Conduct Authority received 243 new whistleblowing reports, containing 474 allegations in the first quarter of the year.
The regulator published data last week (October 7), which showed the number of whistleblowing reports between April and June 2022, received by telephone, email, online reporting form and post.
The reports fell around 12 per cent from Q1 when the regulator received 276 new whistleblowing reports, containing 540 allegations.
Most of the new reports in Q2 were via the online reporting form.
The FCA said: “A whistleblower can choose to remain anonymous when making a report through any of our reporting options.
“Whistleblowers need to feel comfortable when making a report so they can provide relevant and sufficient detail to help our review of their concerns.”
The regulator said it accepts reports from both anonymous and named whistleblowers.
“Protecting the identities of the whistleblowers who contact us is vital,” it said. “We understand they may be hesitant to share their personal information with us when making a disclosure.”
However, the FCA explained that when whistleblowers provide a way to contact them, it can be helpful as it can then discuss their concerns further.
The below chart shows that in most of the reports it received in 2022 Q2, whistleblowers provided their contact details.
Every report the FCA receives will contain one or more allegations of wrongdoing.
Typically, the reports will contain allegations that fall under the...
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