Whistleblowing in Luxembourg
Whistleblowing is a term that was developed in the 1970s in the US and is the process of reporting wrongful, unethical or unlawful behaviour or misconduct internally or externally, i.e. to a third-party organisation.
A company may be seen as being more transparent and trustworthy by having a robust process and protections for people who wish to report misconduct.
It has become an increasingly relevant issue at work in the last few years as it implies labour law issues, data protection issues and regulatory as under CSSF Circular 12/552 banks are required to have appropriate whistleblowing procedures in place…
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Briefings from Wildgen
In its 2013 Annual Report, the Luxembourg Direct Tax Authorities reported on new tax treaties with Hungary, New Zealand, the UK and Uruguay.
The CSSF has issued an updated version of the FAQs relating to the Luxembourg Law of 12 July 2013 on alternative investment fund managers (the AIFM Law).