ICC issues whistleblowing guidelines

25% of the incidents of fraud uncovered among 360 incidents analyzed came to light thanks to a whistleblowing system put into place by companies. ICC today issued guidelines on whistleblowing, the first world business organization of its kind to establish a global standard for facilitating the setup of these programmes.  “Fraud remains one of the most problematic issues for business worldwide, no matter the country of operation, industry sector, or size,â€_ said Francois Vincke, Chair of ICC’s Anti-Corruption Commission. “While whistleblowing programs are a highly effective way to flag fraud early on, many companies do not have these schemes in place due to cultural or legal differences. ICC’s guide is the first set of practical tools that takes these factors into account, no matter the... [read full story]