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Sao Tome and Principe Introduces Financial Crime Whistleblowing Procedures

In a significant move to combat financial crime, Sao Tome and Principe has enacted the Whistleblowers’ Protection Law in 2018, with subsequent improvements made in 2020. The law establishes a system of protections and incentives for whistleblowers who come forward with information regarding acts of corruption.

Protection for Whistleblowers

Under the legislation, whistleblowers are afforded robust protection to shield them from various threats and harm. These protections include:

• Anonymity: Their identities can be kept secret
• Physical Harm Protection: They are protected from physical harm as well as acts of retaliation in both their professional lives and careers
• Legal Assistance: Legal assistance is provided if they suffer harm or damage
• Financial Compensation: Financial compensation is available in the event of harm or damage suffered by family members and employees

Incentives for Whistleblowers

The law offers two main types of incentives for whistleblowers who cooperate with authorities:

• Financial Rewards: They can receive a percentage (up to 5%) of the funds saved or recovered by the State if they have not participated in the crime
• Exemption from Penalty: They may be exempt from penalty if they disclose information prior to the authorities discovering the act of corruption

Additional Benefits for Whistleblowers

Whistleblowers who come forward at a later stage can still benefit from reduced sentences. These incentives are designed to encourage individuals with knowledge of financial crimes to speak out and cooperate with investigations.

Learn More

For more information on the Whistleblowers’ Protection Law in Sao Tome and Principe, including the original law and its 2020 amendments, please visit the following links: [links].