Financial Crime World

Here is the converted article in Markdown format:

Whistleblower Protection: A New Era of Accountability

In a landmark move, Parliament has introduced a new law that extends whistleblower protection to individuals who are perceived or wrongly identified as whistleblowers. The Whistleblower Protection Act, which comes into effect today, aims to promote transparency and accountability in public life.

Extending Protection to All

Under the new legislation, any person who suffers sanction on account of being perceived or wrongly identified as a whistleblower will enjoy the same level of protection as an actual whistleblower. This means that individuals who are targeted for speaking out against corruption or wrongdoing will be shielded from retaliation and protected from harm.

Confidentiality and Non-Disclosure

The Act also prohibits the disclosure of information that identifies or could lead to the identification of whistleblowers, unless they give written consent. Additionally, any provision in an agreement that seeks to prevent whistleblowing or requires individuals to keep quiet about corruption is deemed void and unenforceable.

To ensure confidentiality, all persons receiving protected disclosures must treat them as secret and confidential. Breaches of this duty will be punishable by a fine of $100,000 or imprisonment for two years.

The Act also criminalizes offenses such as making false or misleading disclosures, preventing whistleblowing, and destroying evidence related to corruption.

Quotes

This law is a major step forward in our efforts to promote transparency and accountability. We are committed to creating an environment where individuals feel safe to speak out against wrongdoing without fear of retaliation.

  • Deputy Speaker Latoya Jones

What’s Next?

The Whistleblower Protection Act comes into effect today, marking a new era of accountability in public life.

Related Stories: