Alertcys launches to help businesses comply with Sapin II law

The National Chamber of Judicial Officers (CNHJ) has launched Alertcys, a RegTech platform aimed at helping companies comply with the Sapin II law.

Alertcys is designed to fight against corruption within companies and communities while preserving the anonymity and rights of whistleblowers. The digital platform is supported by Syllex, the accelerator of the French judicial officers, this new tool will allow public and private employers to meet the legal obligation and comply with regulation.

The French anti-corruption law addressing transparency, anti-corruption and economic modernization, also known as the Sapin II law, entered into force on 1 June 2017. The law stipulates that companies must establish an anti-corruption program to identify and mitigate corruption risks.

As part of the law, companies and communities with 50 employees and moreover have to provide their employees and external collaborators with a device enabling them to report corruption while preserving their anonymity.

In order to guarantee both the whistleblower’s confidentiality and the legal security of the professional, Alertcys is working with the Rennes start-up Woleet to anchor its data in the blockchain.

CNHJ president Patrick Sannino said: “Alertcys wants to be an effective tool for prevention and fight against corruption within companies. Through this project, supported by the Syllex accelerator, the National Chamber of Bailiffs pursues its objective of contributing to the emergence of innovative legal solutions. ”

The platform has been operational in France since January 1st, and was designed for international development in French-speaking countries. Two pilot projects are also being launched in Morocco and Côte d’Ivoire.

Copyright © 2018 RegTech Analyst

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