Greek law does not explicitly prohibit citizens from report frauds against the U.S. Government under the False Claims Act, or violations of the provisions of the Securities & Exchange Act, Foreign Corrupt Practice Act, or Commodities Exchange Act.
What disclosures are currently protected?
There are no laws providing any real protection of whistleblowers in relation to acts of corruption in the public or private sector. Therefore, Greek whistleblowers are far better off reporting to U.S. regulators, if possible, at least until the transposition of the Whistleblower Directive is complete.
Can Greek whistleblowers receive rewards?
There is no law in Greece providing whistleblowers rewards, however, they may receive rewards through U.S. laws.
Recent updates and future legislative developments
Greece is required by the new EU Whistleblower Directive to enact a national whistleblower law and has established a special legal drafting committee for the preparation of a draft law. However, significant changes are needed for this law to effectively protect whistleblowers in Greece.
Can/should Greek whistleblowers report to U.S. officials?
No law in Greece currently prohibits Greek citizens from reporting frauds against the U.S. government under the False Claims Act, or violations of provisions of other statutes including the Securities & Exchange Act, Foreign Corrupt Practice Act, or Commodities Exchange Act. Therefore, Greek whistleblowers can and should report relevant violations to U.S. officials under these laws.