The 19 entities that are adhered to the Action Plan against Financial Fraud (PAFF) agreed on Thursday, February 2 in Spain, on a series of new measures, including the implementation of information exchange mechanisms on possible financial fraud that improve its detection, investigation and prevention.
According to what was reported by the Europa Press news agency, the new measures were agreed within the framework of the meeting of the monitoring committee of this Plan that was held at the headquarters of the National Securities Market Commission (CNMV).
In this sense, In addition to exchanging information, the members of the action plan also committed to define and design checkpoints to detect fraudulent activities when creating unauthorized entities and to develop actions and training campaigns for citizens.
Likewise, it should also be noted that The CNMV has reported on the agreements reached with some Internet service providers and social networks to eliminate the advertising of unregistered entities, As they pointed out, with the entry into force of the new Securities Market Law (currently in Parliament), the obligation of these companies to limit the advertising activity of financial bars will be incorporated into the legal system.
Finally, the 19 entities adhered to the Action Plan against Financial Fraud (PAFF) are the following: Inverco, the Association of Information Media (AMI), the Spanish Banking Association (AEB), Autocontrol, the Bank of Spain, the Association of Registrars, the General Criminal Investigation Commission of Catalonia, the CNMV, CECA, the General Council of Notaries, the Ertzaintza, the State Attorney General’s Office, the General Investment Guarantee Fund, the Civil Guard, the Police National, the Foral Police of Navarra, Uteca, Sepblac and the Ministry of Economic Affairs and Digital Transformation.
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