Not necessarily. Only companies with more than 50 employees, those subject to Law 10/2010 on money laundering prevention, and those with harassment prevention protocols are required to have this channel. However, it is recommended for any organization that wants to manage complaints confidentially and avoid conflicts of interest.
Whistleblower Channel – Transparency - Ethics
Service for Setting Up and Managing a Whistleblower Channel A service to report non-compliance with regulations, also known as Ethics or Transparency Reports.
¿HOW CAN WE HELP?
LEGAL REQUIREMENT
Who needs to implement a Whistleblower Channel?
- Companies with more than 50 employees, required to comply with Law 2/2023 of February 20 on the protection of whistleblowers and anti-corruption.
- Entities subject to Law 10/2010 of April 28, on the prevention of money laundering and terrorist financing.
- Companies with protocols for the prevention of sexual harassment or workplace harassment that want to manage claims confidentially and avoid conflicts of interest.
Requirements for the Proper Management of the Channel
- Have a system that allows managing complaints or claims with adequate confidentiality.
- Avoid conflicts of interest and maintain traceability in all communications and resolutions.
- Implement a process for receiving and handling complaints that complies with ethical and regulatory standards.
Advantages of Outsourcing the Management of the Whistleblower Channel
- Professional management by experts from the outset, ensuring regulatory compliance tailored to the specific circumstances of your company.
- Guarantee of complete confidentiality in all stages of the process, ensuring that all documentation and processes are handled securely (filtering, interviews, evidence, reports, and resolutions).
- External management avoids involving internal staff, eliminating potential conflicts of interest and protecting your company’s reputation.
Operational Benefits for the Company
- Staff can report concerns without fear of retaliation, as the channel is managed externally.
- Prevents distractions for internal teams, allowing them to focus on their tasks without the burden of managing complaints.
- Ensures proper record-keeping and compliance with regulations, saving time and resources in fulfilling these processes.
WHAT DO OUR CLIENTS SAY?
We provide advice to our clients
FAQs
How can we help you with financial management?
Is it mandatory for all companies to have this type of whistleblower channel?
What benefits does outsourcing the management of the whistleblower channel provide?
Outsourcing ensures a professional and impartial management process, securing confidentiality at each stage and preventing conflicts of interest. It also enables internal teams to focus on their responsibilities without distractions, and provides traceability and regulatory compliance in all received communications.
