Financial Crime World

Costa Rica Takes a Significant Step Forward in the Fight Against Corruption with New Law Protecting Whistleblowers

February 12, 2024 marked an important milestone for Costa Rica as the Comprehensive Anti-Corruption Law that Protects Whistleblowers came into effect. This landmark legislation extends protection to individuals who report potential acts of corruption in both the public and private sectors, making it illegal for any employer or government official to retaliate against whistleblowers and witnesses.

Private Sector Requirements

  • Companies with more than 50 employees are now required to establish internal reporting channels.
  • These channels must be accessible, allow for anonymous reporting, and maintain the confidentiality of whistleblowers’ identities.
  • Companies must develop policies to address alleged acts of corruption.

Protection Against Retaliation

  • Whistleblowers are rigorously protected against retaliation.
  • Employers found guilty of retaliation will face fines determined by labor judges.
  • Public officials who engage in retaliation or hinder whistleblowers’ reports will face administrative sanctions.
  • Individuals who violate provisions against retaliation may face criminal and civil liability.

The Significance of the New Law

  • The new law represents a significant step forward in promoting a culture of integrity and accountability across all sectors.
  • By prioritizing the protection of whistleblowers and witnesses, Costa Rica aims to strengthen its democratic institutions and effectively combat corruption.

Getting Legal Advice on Whistleblower Protection and Anti-Corruption Guidelines

If you need legal advice on whistleblower protection and anti-corruption guidelines, please do not hesitate to contact us. We will be happy to help and guide you every step of the way.