Deloitte’s whistleblowing services

Solutions

Deloitte’s whistleblowing services

Introducing Deloitte’s compliance and digital whistleblowing services

Deloitte’s global whistleblowing team have been serving clients for more than fourteen years. We have developed a wide range of compliance and digital whistleblowing offerings so that we can help our clients comply with the EU Whistleblowing Directive and establish an effective and secure reporting framework as a key component of their risk management strategy.

Complying with the regulatory requirements

Recent scandals from Luxleaks to the Pandora Papers have highlighted the importance of forming proper channels for whistleblowers to report in order to expose breaches of Union Law that are harmful to the public interest, but also to uncover potential frauds happening within organizations. The EU Whistleblowing Directive (EU 2019/1937) sheds light on the imperative of introducing confidential and secure reporting channels. It impacts legal entities in the private sector comprising of 50 employees or more, as well as all legal entities in the public sector, including any entity owned or controlled by such entities.

A complete offering of whistleblowing services that meets today’s needs for effective risk management

ACFE’s latest studies on the costs and effects of occupational fraud indicated the effectiveness of maintaining a reporting system. Organizations with an implemented reporting framework detect fraud cases more quickly than those without, while financial losses due to undetected fraud cases are twice as high in the latter. Establishing a secure and effective whistleblowing reporting framework will help organizations:

  • Comply with regulatory standards and best market practices;
  • Mitigate reputational and penalty risks;
  • Establish an integrity and transparency culture;
  • Raise employee awareness to combat fraud and corruption;
  • Boost risk management and governance; and
  • Contribute to the protection of public and EU interests.

Our approach

Deloitte has developed a complete offering of whistleblowing services that meets today’s needs, proposing a wide range of related services ranging from a simple health check of our clients’ existing internal framework to a fully digital solution.

Health check

Acting proactively is the key to success when complying with regulatory requirements. To that end, we assess the current reporting framework and identify potential gaps in terms of requirements set by the regulatory standards. Following our analysis, we deliver customized advice to our clients and help them remediate any potential issues identified.

Designing and implementing a tailored whistleblowing framework

We design or update existing policies and procedures and organize internal and external awareness plans and trainings. We can also help our clients design tailored operational workflows which will enhance the organization’s internal governance.

HALO whistleblowing end-to-end digital solution

Deloitte Halo, our digital whistleblowing solution, equips organizations with secure and confidential reporting channels layered with advanced security features. It also facilitates case management and provides insight using analytics across an organisation’s whistleblowing disclosures. Trained Deloitte analysts will review incidents and prepare reports, and escalate high-risk matters.

Investigation and crisis support

Deloitte can help our clients act quickly and confidently in the face of regulatory concerns and actions, or sensitive internal investigations into fraud, corruption, and misconduct. Our global network allows us to combine an understanding of local business cultures and regulatory issues to find a path to a successful resolution and leave our clients better-prepared to protect their assets and reputation.

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Contacts

Nicolas Marinier

Nicolas Marinier

Partner | Forensic & Financial Crime

Nicolas is Partner in Forensic & Financial Crime practice at Deloitte Luxembourg. He has more than 15 years of working experience acquired in Luxembourg and Singapore in the private banking sector and... More

Maxime Heckel

Maxime Heckel

Partner | Forensic & Financial Crime

Maxime is Partner in our Forensic & Financial Crime practice. He has been with the firm since 2006 and has more than 15 years of experience within the Financial Services Industry. Upon completion of h... More

Edouard Delfosse

Edouard Delfosse

Senior Manager | Forensic & Financial Crime

Edouard Delfosse is a Senior Manager in Deloitte Luxembourg’s Forensic and Financial Crime department, taking part in forensic data analysis, collection, preservation, documentation and reporting. He ... More

Markos Marios Bikas

Markos Marios Bikas

Manager | Forensic & Financial Crime

Markos Marios Bikas is a Manager in Deloitte Luxembourg’s Forensic and Financial Crime department and also leads the day-to-day management of Deloitte Luxembourg’s Corporate Intelligence Services. He ... More

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