KPMG prepared its whistleblowing system compliant with the Complaints Act
It was accepted by the parliament, and the so-called Complaints Act has now been published in the Hungarian Gazette. Act XXV of 2023 on complaints, reports of public interest, and rules related to the reporting of abuses covers a significant part of Hungarian enterprises, among other things, prescribes how such reports should be handled and how those who report them should be protected. KPMG experts consider it important to draw attention to the parts that really have an impact on the life of companies.
According to the new law on abuse reports, companies will be obliged to create and operate an internal abuse reporting system, through which employees, contractual partners and other stakeholders can even anonymously report illegal acts and omissions they experience. SMEs must be ready to receive the notifications correctly by December 17, and large companies by July 24.
The scope of the law affects companies with at least 50 employees, as well as – regardless of the number of employees – companies subject to the anti-money laundering law, e.g. credit institutions, financial service providers, law firms and all commercial enterprises that accept HUF 3 million or more in cash.
Related news
Domestic companies are maneuvering amid increasing tensions
The average inflation in the euro area is around 2.5%,…
Read more >The regulation is changing – GDPR strictness is being relaxed
The European Commission is planning to ease the GDPR for…
Read more >A new step to strengthen SMEs, the National Champions loan program has been launched
The GINOP Plusz National Champions call for applications has been…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >