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The clock is ticking —whistleblowing systems must be set up

The recent enactment of Luxembourg's Whistleblower Law, which transposes the EU Directive into national law, has brought profound changes that cannot be ignored.

With the need to swiftly implement internal reporting channels and the potential for significant reputational risks to arise should such channels not be set up, it is clear that the stakes are higher than ever.

The planned implementation date for the Law is 17 December 2023, and will apply to the below-mentioned entities. Whistleblowers will be able to denounce money laundering and financial crime, organizational and governance misconduct, theft, harassment and bodily harm, immediate or manifest danger to the public interest and all other types of fraud.

To which entities does the new law apply?

  • All private and public sector entities with more than 50 employees
  • The financial sector, which already has an obligation to have a whistleblowing system in place regardless of the number of employees, but will have to enhance its procedures according to the Law 
  • All municipalities with more than 10,000 inhabitants

Download our dedicated brochure to learn more.

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Whistleblower

The team

Frédéric Guilmin

EY Luxembourg Partner, Forensic & Integrity Services
Forensic, risk, and internal audit professional with 20+ years of experience. Passionate about Cyber, AI, and digitalization.
Luxembourg, LUX

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