Whistleblowing Services
Crowe Greece chooses to promote transparency and integrity at all levels
Crowe Greece chooses to promote transparency and integrity at all levels of business and interpersonal relationships and transactions and, for this reason, encourages the reporting of incidents and behaviours that cross legal and/or moral boundaries.
According to investigations by global organisations, fraud, corruption and money laundering and terrorist financing are in many cases uncovered through reporting channels.
What does a system for the proper handling of reports or complaints offer?
Strong corporate governance
Encouraging employees to communicate issues of concern
Prevention of fraud-corruption-ML/FT phenomena
Enhancement of the company’s credibility towards its stakeholders
Law 4990/2022
1. What is this about?
It incorporates into the Greek legislation the development of a comprehensive framework for the protection of persons reporting issues of breaches of Union Law, as set out by the European Directive (EU) 2019/1937 on Whistleblowing (whistleblowers).
2. Which entities are considered obliged entities according to L. 4990/2022?
- Legal entities in the private sector with 50 to 249 employees have the obligation of implementing the law until 17 December 2023
- Legal entities in the private sector with more than 249 employees, or engaged in financial services, products and markets or in activities that may pose a risk to the environment or public health or that operate on the basis of a decision approving environmental conditions, have the obligation of implementing the law until 12 May 2023
- Public law legal entities (Local Authorities) have the obligation of implementing the law until 12 May 2023.
3. What are the obligations of legal entities according to L. 4990/2022?
- Development of an internal and external breach reporting system
- Appointment of an Officer for Receipt and Monitoring of Reports (O.R.M.R.) and notification to the Hellenic Labour Inspectorate within two months of their appointment. For legal entities in the private sector with fewer than 50 employees, it is not mandatory.
- Obligation to protect the persons making a report
- Obligation to ensure confidentiality
- Establishment of a mechanism for receiving and processing the report and decisions taken on the reports received
- Investigation-Investigation Team
- Keeping of Records and Reports
What does Crowe Greece offer?
The demanding institutional framework regarding reporting and the protection of reporting persons makes corporate compliance a complex and demanding process. Our firm’s department provides proper planning and the most appropriate solutions for your company’s compliance with the Greek and EU legislation and the implementation of best practices for receiving and managing reports.
Review of the existing corporate regulatory framework for internal and external reporting management policies and procedures
Identification of weaknesses, their detailed recording and submission of suggestions and proposals
Formulation of a complete reporting management policy
Provision of training to O.R.M.R.s and other stakeholders for the proper management of reports
Provision of training to other levels of the business
Digital complaint platform
Provision of legal support on a flat rate basis or on an annual basis
