Thanks to the new Law 2/2023, regulating the protection of persons who report regulatory violations and the fight against corruption.Spain joins the list of countries taking significant steps to ensure the safety and protection of those brave enough to take the plunge.
Among the specific features of this law, it is worth mentioning the implementation of an internal
internal information system
that will allow individuals to report irregularities and guarantee their protection against reprisals. This system will be supervised by the
Independent Whistleblower Protection Authority (I.W.P.A.)
The law establishes a sanctioning regime differentiated by the seriousness of the infringements. Specifically, violations may be minor, serious or very serious. The amounts of the penalties vary, and can reach up to one million euros in the case of legal entities for very serious infringements.
The lack of a proper channel or failure to perform its functions may result in severe penalties.
Companies and Corporate Social Responsibility Policy
that have already adopted corporate social responsibility practices and have compliance programs in placeIn addition, the adaptation to this new regulation will be smoother. However, it is essential to review and, if necessary, adapt these programs to the new law. In this context, figures such as the
Data Protection Delegate (DPO)
become relevant, as they will be responsible for ensuring that the company complies with its legal obligations.
Law 2/2023 represents a major step forward in the fight against corruption in Spain. With clear sanctions and defined procedures, whistleblower protection is more guaranteed than ever.