DFSA looking at law to protect whistle-blowers.Byline: Rachna Uppal, Staff Reporter Dubai: The Dubai Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. (DFSA DFSA Dubai Financial Services Authority (Dubai International Financial Centre) DFSA Direct File System Access (MOSIX) DFSA Drug-Facilitated Sexual Assault DFSA Deterministic Finite State Automaton ) is taking the lead in drawing up legislation to protect whistle-blowers, a senior official told Gulf News. "We're actually working on whistle-blower legislation, its part of a project we're looking into," said Bryan Stirewalt, director, Supervision, at the DFSA, speaking on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. of a press briefing by the financial services regulator on money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. . "We're looking at specific whistle-blower rules, and it's really up in the air whether that's a DFSA rule or a labour law rule, that's what we're trying to figure out. We want to make sure people feel comfortable reporting an issue," Stirewalt said. Although details are yet to be disclosed, Stirewalt said that hypothetically speaking, measures to protect whistle-blowers would include setting up of a hotline or allowing access to the DFSA website directly to disclose information. "We've only been talking about this a couple of months, but it is definitely a priority," he added. In the corporate context, whistle-blowers is a term used to describe those employees who report wrongdoings to those in authority, or to the public. Following the corporate scandals which shook the US in 2001/2002, most famously with the bankruptcy of energy giant Enron, federal level legislation was enacted which includes provisions for the protection of those who disclose suspicious accounting and financial practices, such as unfair dismissal or compensation levels. In Switzerland, the international anti-corruption organisation Transparency International enacted a confidential hotline for whistle-blowers, moves to implement legislation are under consideration. Al Nisr Publishing Al Nisr Publishing is a company based in Dubai, UAE. The company is a part of Al Tayer Group. It was established in 1985 by Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. It employs 1,050 people and has branches in Manilla, Bahrain, Abu Dhabi and Sharjah. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control 2009. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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