Whistleblowing: the need for change
UK law enforcers are often envious of their US counterparts and the tools that the latter have at their disposal to investigate, regulate and deter financial crime and misconduct.
However, there is one mechanism that UK regulators and legislators seem less than enthusiastic about adopting, namely whistleblower awards.
In Business Reporter, Neil Swift makes the case that the UK is lagging behind, remaining resistant to rewarding those who speak out often at the expense of their careers and at tremendous personal costs.
Neil takes a look at the US model and how this compares to the UK approach to date as well potential reforms currently under consideration in the UK.
He also argues that it is time for change, and that the UK should refine its approach to whistleblowing and finally recognise the benefits of protecting those who draw attention on wrongdoing.