Today the Council of EU Economic and Finance Ministers presented its conclusions on the European Commission’s action plan on combating money laundering and terrorist financing. In these conclusions, the Council of Ministers welcomes the plans to transpose parts of European anti-money laundering legislation into a directly applicable regulation, thereby eliminating the current patchwork of unequal […]
MiFID success: Pushback for financial deregulation
On Wednesday, 28 October 2020, the Committee for Economic and Monetary Affairs (ECON) of the European Parliament adopted its position on the so-called “MiFID quick fix” which amends the Markets in Financial Instruments Directive (MiFID). The MiFID sets the key rules for stock exchanges, financial trading platforms, consumer protection in financial markets and rules for […]
New ECB whistleblower channel: Success for whistleblower protection
The ECB has announced that it will introduce an improved internal reporting channel for whistleblowers. This is a major achievement on the road to greater support for all those who uncover malpractice for the sake of the common good. All too often whistleblowers are subject to considerable reprisals, lose their jobs or are sued for […]
Important step against golden passports: EU Commission starts infringement proceedings against Malta and Cyprus
Today, the EU Commission starts infringement proceedings against Malta and Cyprus to stop their golden passport programmes which allow them to acquire citizenship through investment or real estate purchases. Research, such as the reports recently published by Al Jazeera on Cyprus, show that such programs attract criminals and convicted offenders from around the world and […]
POSTPONED: Webinar “Deregulation For Future? – An agenda for financial regulation during the pandemic & beyond” – Tue, 20 Oct 8-10 pm CEST
Dear friends, dear interested, Thank you very much for your interest in our webinar “Deregulation For Future?” with Daniela Gabor and William White, which was scheduled for tomorrow, 20 October 2020, at 8 pm CEST. Unfortunately, due to health reasons the webinar has to be postponed. We will schedule a new date for our webinar […]
Cypriot passport sales on hold: Interim success in the fight against corruption and money laundering
In response to the revelations of Al Jazeera, the Cypriot government yesterday declared that it would end its citizenship acquisition programme on November 1. Al Jazeera had shown through undercover investigations that senior officials and politicians were helping criminals to circumvent the rules in order to obtain an EU passport. The expiration of the current […]