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Whistleblowing in Finland
June 2010
Einja Warma
Associate
Castrén & Snellman |
In January 2006, in WP 117, the opinion on the application of EU data protection rules to internal whistle blowing schemes in the fields of accounting, internal accounting controls, auditing matters, fight against bribery, banking and financial crime was published by the EU. A similar paper was published by the CNIL around this time as well. What is the implementation of the EU requirements in Finland?
With regard to the recommendations in the working party opinion (WP 117), the Data Protection Authority (DPA) has published guidelines regarding whistle blowing schemes which are based on the Sarbanes Oxley Act. The guidelines mostly follow the opinion stated in the WP 117 document.
Other topics of interest in this interview include:
- Issues with companies centralizing global compliance hotlines
- Cultural concerns related to anonymous reporting
- Jurisdictional procedures requiring non-SOX compliance complaints
- Requirements for reporting locally and controlling types of reports
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