Dodd-Frank
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Dodd-Frank Wall Street Reform and Consumer Protection Act (also known as “the Act’ or “Dodd-Frank”) was enacted on 21 July, 2010 under President Barack Obama’s regime for the purpose of revitalising US financial regulatory system. Dodd-Frank aimed at restoring public confidence during the global financial crisis. But despite the existence of competent investigators and an…
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3.1 Global approach in whistleblower protection According to the Association of Certified Fraud Examiners (ACFE), whistleblowers are responsible for detecting about 40% of all occupational fraud cases around the world[1] but systemic setbacks make them vulnerable to retaliation. This evidence-based assertion aligns with claims by the American Ethics & Compliance Initiative (ECI) that reprisal attacks…
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Unlike Dodd-Frank and other whistleblower-protection mechanisms in the United States, the EU Directive is undergoing serious reforms—with lots of challenges arising from discrepancies in political systems and governmental processes among Eurozone countries. But it is a giant stride towards improving freedom of speech as well as accountability and probity in public and private companies. Therefore,…
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