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Whistleblowing services

An effective setup for reporting illegal or unethical activities will help you build an ethical corporate culture as well as trust both inside and outside the company.

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Is your company ready for the new whistleblower protection legislative requirements?

Czech companies are directly impacted by the strengthening of EU whistleblower protection requirements. Under the current Bill, legal entities in the private and public sectors are required to implement secure internal reporting channels, establish procedures for receiving notifications, ensure the confidentiality of the identities of whistleblowers and set follow-up deadlines. The Bill is based on EU Directive 2019/1937, which states the minimum requirements and is currently in the process of being implemented into Czech legislation.

The Bill was approved by the government on 1 February 2021, and it stipulates an obligation for defined entities to introduce an internal whistleblowing system by 31 March 2022.

Which entities have an obligation to implement internal reporting system?

  • Both private and public organisations with more than 25 employees
  • Public sector entities, except for the municipalities/villages with less than 5,000 inhabitants
  • Companies operating in certain industries or providing services, as, for example:
    - civil aviation
    - maritime transport
    - oil and gas
    - provision or facilitation of consumer credit
    - capital markets
    - investment companies and funds
    - insurance and reinsurance

What are the primary obligations arising from the Bill?

  • Establishment of reporting channels for receiving and handling notifications of illegal activities
  • Appointment of a designated person fully responsible for the administration of the internal reporting system
  • Adherence to time deadlines – confirmation of whistleblowers´ report within 7 days of receiving the report and inform the whistleblower of the steps taken to remedy the illegal state of affairs within 1 month
  • Employee protection, especially the identity of the employees, securing mechanisms for identifying potential retaliation

When to start with implementation?

  • Provide your employees with a suitable and secure channel in order to avoid the potential negative impact on your company's reputation
  • The implementation period depends on the size of your company and, in some cases, can take companies up to 6 months
  • Gain an edge over others and avoid sanctions that can reach up to CZK 1,000,000

Our team of specialists will design tailor-made services for you.

A team of professionals from PwC with expertise in Compliance will guide you through the entire process, from gap analysis, through solution design and system implementation to the investigation of the initiatives and allegations received and appropriate identification of corrective measures.

  • 43 %

    of fraud cases are detected based on a notice/tip, half of which are from employees

    ACFE 2020: “Report to the Nations. Global Study”

  • 47 %

    of companies claim to have been a victim of fraud in the last 24 months

    PwC: "Global Economic Crime and Fraud Survey 2020"

  • 33 %

    of companies do not have a fraud reporting system implemented

    Czech Republic, PwC: "Survey of fraud prevention and detection"

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Contacts

Kateřina Halásek Dosedělová

Kateřina Halásek Dosedělová

Forensic services, PwC Czech Republic

Tel: +420 724 369 351

Tomáš Sádlík

Tomáš Sádlík

Forensic Services, PwC Czech Republic

Tel: + 420 733 672 931

Petr Glogar

Petr Glogar

Legal Services, PwC Legal

Tel: +420 738 233 284

Veronika Šípošová

Veronika Šípošová

Legal Services, PwC Legal

Tel: + 420 734 226 237

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