Protecting Whistleblowers: A Step Towards Safeguarding Finance Industry
The Government of Maldives has taken a significant step towards protecting whistleblowers in the finance industry by drafting a bill aimed at safeguarding those who report wrongdoing. The Protection of Whistleblower Bill, drawn up by Transparency Maldives and based on international best practices, seeks to provide a safe and secure environment for individuals to disclose information about corruption, public health hazards, environmental risks, and other forms of misconduct.
What is the Protection of Whistleblower Bill?
The bill, which was accepted by Parliament on December 10, 2018, is designed to protect those who come forward with information about wrongdoing from retaliation, intimidation, or other forms of harassment. It also aims to ensure that whistleblowers are not unfairly treated and that their rights are respected.
Key Features of the Bill
- Provides a safe and secure environment for individuals to disclose information about corruption, public health hazards, environmental risks, and other forms of misconduct
- Protects whistleblowers from retaliation, intimidation, or other forms of harassment
- Ensures that whistleblowers are not unfairly treated and that their rights are respected
Why is Whistleblowing Important?
Whistleblowing is the disclosure or reporting of wrongdoing, which can include corruption, unauthorized use of public funds or property, gross waste or mismanagement, and conflict of interest, among other things. The bill is a significant development in the fight against corruption and malpractice in the finance industry, and could potentially have far-reaching implications for the country’s economic and social stability.
How Can You Get Involved?
Individuals are encouraged to review the proposed legislation and provide their comments before the consultation period closes. The full text of the Bill can be viewed or downloaded in English and Dhivehi from the Transparency Maldives website.
Consultation Period
As part of the consultation process, Transparency Maldives is calling on the public to provide their feedback on the proposed legislation. You can send your comments via email at [email protected].
What’s Next?
The bill is currently undergoing the committee stage and will be reviewed by Parliament before it is passed into law. The government is urging individuals to take an active role in shaping this important piece of legislation and provide their feedback on the proposed bill.
By working together, we can create a safer and more transparent environment for whistleblowers and help build a stronger, more accountable finance industry in Maldives.