Austria: FMA to Activate Whistleblower Hotline

Politics ♦ Published: January 3, 2014; 11:01 ♦ (Vindobona)

At the beginning of this year the Financial Market Authority (FMA) in Austria has activated a “whistleblower hotline” for bank insiders to report about potential abuses.

Austria: FMA to Activate Whistleblower Hotline / Picture: © Vindobona.org

Insiders working in financial institutes, who know about violations of the law or have substantial grounds, can report to the authority. According to the Financial Market Authority, primarily employees of banks, insurance companies, pension funds and investment firms should feel addressed. However, other persons, who know about irregularities, can use the hotline (0800 249 900) as…