Prior to the COVID-19 pandemic, whistleblowers were at the center of many of the world’s biggest headlines; Lux Leaks, the Panama Papers, and Cambridge Analytica to name but a few.
The past 15 months have only increased the importance of effective whistleblowing programs, as the crises and disruption caused by the COVID-19 pandemic have provided a fertile ground for fraud and misconduct. Unlike the aftermath of previous severe market shocks, whistleblower procedures are now an entrenched part of commercial life and their effective implementation is expected by regulators. In this memorandum we examine important developments in whistleblowing in both the United States and the United Kingdom and review the current framework of whistleblowing laws on both sides of the Atlantic.
Please click here to read the full alert memorandum.