New Requirements for Handling Reports of Wrongdoing – Whistleblowing Regulations
News Flash No. 40/2023
We would like to inform our valued customers that the deadline for compliance with the legal requirements imposed on private employers—who have employed an average of at least 50 employees over the past twelve months—as well as on employers who, despite having fewer than 50 employees, are engaged in financial services and products, the prevention of money laundering and measures to block the financing of terrorism, transportation safety, and environmental protection, as well as to those employers who adopt organizational models pursuant to Legislative Decree No. 231/2001.
The term “whistleblowing” refers to the act of reporting—by an employee, an internal or external collaborator, or other individuals potentially authorized to do so—of facts and/or illegal acts discovered in the course of their work. This reporting activity is governed by Legislative Decree No. 24 of March 10, 2023, which took effect on March 30, implementing EU Directive (EU) 2019/1937 of the European Parliament and of the Council of October 23, 2019. This directive contains provisions regarding the protection of individuals who report violations of national regulatory provisions, thereby establishing a series of related obligations applicable to all public and private employers.
For companies that have employed, on average, more than 249 employees over the past twelve months, the process of complying with the new regulations began in July 2023.
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