For compliance professionals, the key sign that a whistleblowing hotline is working properly is the fact that more people are prepared to use it. And in Ireland’s financial services sector, it looks like recent attempts to encourage employees to come forward with suspicions of wrongdoing are paying off.
New figures provided by Ireland’s Finance Minister Michael Noonan show a surge in the number of individuals making protected disclosures to the country’s banking regulator. In fact, after just five months, the number of disclosures is not far behind the total for last year, and Noonan expects the final figure to be double by the end of the year.
