Enhance the drafted DMA

Enhance the drafted DMA!

As we have seen so often in the past years, the European authorities have been mainly concerned with protecting the interests of the business users in drafting the Digital Markets Act (DMA) and have forgotten about the so much-needed consumer protection. It is about time to enhance consumer protection in

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Backlog in victims´ rights adoption in the EU

The backlog of Victims´ Rights adoption in the European Union!

The Directive for the Rights of Victims (DIRECTIVE 2012/29/EU) prescribes everything needed to protect consumers and care for fraud victims. Based on the experiences made by the fraud victims we represent we realized that there is a severe backlog in adopting the Victims´Rights Directive in many European Union member countries.

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EU countries with serious ML issues

EU countries with serious ML issues!

Today, EFRI represents 876 mainly European victims who lost their life savings of more than EUR 45.9 million to boiler room scammers. Fraud victims transferred EUR 45.9 million to beneficial owners of fraudulent websites through various European banks/financial service providers. Our updated Follow the Money evaluation (downloadable here) and our studies of the

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EBA steps up with anti money laundering

EU steps up in anti-money laundering!

The money laundering scandals of recent years in the European Union have shown that the European Union’s banking sector, particularly, remains highly vulnerable to cross-border money laundering. Some late scandals like the #Wirecard scandal in Germany and the #Kobenhavn Andelskasse scandal or the Danske Bank scandal in Denmark made the

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