Sponsored Content
Austrian Financial Market Authority Is Pleased With Whistle-Blowing System
In 2017 whistleblowers made 158 tip-offs regarding misconduct in the Austrian financial market. The FMA has been operating a special IT-based whistleblowing system since 1 February 2014 that allows the anonymous receipt of confidential information about possible instances of malpractice in supervised entities. FMA Executive Board: “Our whistle-blowing system is an important source of information for the FMA.”
American whistleblower Edward Snowden, who was charged with violating the Espionage Act for releasing confidential documents belonging to the NSA / Picture: © Wikimedia Commons / Laura Poitras / Praxis Films [CC BY 3.0]
Reports are an important source of information for the Financial Market Authority (FMA).
Whistle-blowers can contribute to clearing up of irregularities, thereby limiting or even preventing damages.
In so doing, the FMA has not only created a central point of contact that is responsible for receiving reports, but has also established a special tool and a dedicated…
or Log In
Fast News Search