Employment Law
Kingsley Napley LLP
Full Credential Description
We - Whistleblowing & Employment Protection | Home | Services | Employment | Whistleblowing | Financial Services | Contact Whistleblowing in the Financial Services Sector - Case Study Navigation: Employment > Whistleblowing > Case Studies Publication Date: 2024 Practice Area: Employment Law The Disclosure: We represented a senior financial services professional who made protected disclosures about serious regulatory breaches and potential financial crime within their organization. This case demonstrates the challenges faced by whistleblowers in the financial sector and the importance of proper legal protection. Financial Services Context: Our client worked for a major financial institution and became aware of practices that potentially violated FCA regulations, money laundering rules, and market conduct standards. They felt obligated to report these concerns through internal channels. Internal Reporting: Initially, our client raised their concerns through the company's internal whistleblowing procedures, expecting the organization to investigate and address the issues appropriately. However, instead of proper investigation, our client faced hostility and retaliation. Retaliation Consequences: Following their protected disclosures, our client experienced a pattern of detriment including exclusion from meetings, reduction in responsibilities, threats to their position, and ultimately constructive dismissal from their role. Regulatory Complexity: The case involved complex interactions between employment law protections, FCA regulatory requirements, and the organization's obligations to investigate and protect whistleblowers reporting potential financial crime. Legal Protection: We provided comprehensive legal representation to protect our client's rights under whistleblowing legislation while also ensuring their disclosures were properly reported to relevant regulatory authorities where appropriate.
Measurable Results
Successful whistleblowing case outcome in financial services sector with full protection achieved for employee who reported serious regulatory breaches. Comprehensive settlement secured covering unfair dismissal, compensation for detriment suffered, and ongoing career protection measures.