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Whistleblowing for Managers

Whistleblowing refers to disclosing corrupt, illegal or fraudulent activities committed by organisations. The FCA's whistleblowing rules are mandatory for all deposit takers with over £250m in assets and insurers subject to Solvency II.

These rules impact all managers in the UK and those overseeing UK-based employees. The FCA's rules include training employees on their right to whistleblow, presenting a whistleblowing report annually and appointing a whistleblowers' champion.

Our Whistleblowing for Managers in FS Course explains the value of whistleblowing, your duty to blow the whistle when appropriate and how you are protected for doing so.
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  • 35 Minutes
  • Managers
  • Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.
  • FCA Compliance Library

Learning objectives

  • Recognise the importance of whistleblowing
  • Identify the legal protection that exists in respect of whistleblowing
  • Identify the reasons for reluctance to report wrongdoing or misconduct
  • Recognise the compelling reasons for reporting wrongdoing or misconduct
  • Identify the internal and external measures that can be taken to set the right tone
  • Implement procedures relating to whistleblowing

    What can you expect your employees to learn?

Welcome

Adam's predicament

  • What would you do?

What is whistleblowing?

  • Exercise: What is whistleblowing?
  • Why is whistleblowing important?
  • Consequences of not getting it right

Legal protection & whistleblowing

  • Key legal provisions
  • What do you think: Legal protection for whistleblowers

Why are people reluctant to get involved?

  • You make the call: Reluctance to get involved
  • The whistleblowing triangle
  • Exercise: Weighing it up

When to blow the whistle

  • How to blow the whistle

Financial services whistleblowing rules

  • The whistleblowers' champion
  • Internal whistleblowing arrangements
  • Training
  • Reporting directly to the regulator
  • You make the call: Reporting to the regulator
  • Settlement agreements & Non-Disclosure Agreements

Scenario 1: Adam's experience

Scenario 2: A new venture

Scenario 3: One bad apple

Scenario 4: Subterfuge in the City

Summary

Affirmation

Assessment

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Your questions, answered

Financial Crime

Common FAQs

How can I log and track incidents of financial crime in my organisation?

Our Compliance Breach Register allows you to securely log and monitor incidents of financial crime, such as bribery or money laundering. The tool enables you to track resolution progress and maintain a clear audit trail, ensuring accountability and compliance with regulatory requirements.

How can I ensure my employees understand and comply with our internal policies in relation to financial crime?

Our Policy Hub enables you to distribute policies such as your Anti-Money Laundering (AML) policy to employees, track acknowledgements, and send automated reminders. This ensures everyone understands their obligations and helps you maintain compliance with financial crime regulations.
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Are Skillcast courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

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