UAE Central Bank unveils portal to anonymously report misconduct

uae portal bank misconduct unveils
UAE

UAE Central Bank unveils portal to anonymously report misconduct

The Central Bank of the UAE (CBUAE) has launched a new whistleblowing portal that allows stakeholders to anonymously raise concerns related to misconduct or policy violations by CBUAE employees, contractors, and representatives. The portal, which is located on the CBUAE website, allows employees and external stakeholders, such as financial institutions, vendors, and the public, to voice their concerns around misconduct without any fear of reprisal. It also allows the sharing of comprehensive information pertinent to a concern, including the attachment of files and documents in support of a particular claim. The launch of the whistleblowing portal, an encrypted channel, is part of the authority's efforts to promote compliance and governance, official news agency reported. It also aims to address alleged illegal and unethical practices by taking timely actions. In the wake of the Covid-19 pandemic, the CBUAE also alerted consumers of the spike in fraudulent activities, and stressed not to disclose private information such as personal and bank account information to any person or entity.