Romania Strengthens Whistleblower Protection Laws
Improved Protections for Whistleblowers in Romania
Bucharest, Romania - In a significant move, Romania has revised its whistleblower protection laws following consultations and recommendations from compliance specialists, civil society, and the European Commission. The new law aims to provide better protections for whistleblowers in various instances, including anonymous reporting.
Key Changes in the Revised Law
- Clarifies procedures for internal reporting, external reporting, and public disclosure of violations
- Requires companies with 50-249 employees to establish internal reporting channels and procedures by December 17, 2023
- Failure to comply is punishable by a fine up to RON 30,000
- Prohibits forms of retaliation against whistleblowers and stipulates fines for companies that take retaliatory measures
Addressing Previous Concerns
The revised law addresses some of the main criticisms of the previous version, which was criticized for insufficient protection for whistleblowers in certain cases. The European Commission had raised concerns about the lack of protection for anonymous reporting and the failure to ensure sufficient protection for whistleblowers who report violations of the law.
Sector-Specific Requirements
Companies operating in specific sectors, such as insurance or financial services, must fulfill the obligation to establish internal reporting channels and procedures regardless of their number of employees.
Positive Impact on Compliance Programs
Experts believe that the revised legislation demonstrates progress in providing better protection for whistleblowers. The law also creates more proactive compliance steps and approaches for companies, which will have a positive impact on shaping compliance programs.
Regional Developments
The development comes as other EU jurisdictions are working to enact local legislation implementing the EU Whistleblowing Directive, with some countries already introducing new laws or strengthening existing ones.