New powers for national authorities to check whether e-commerce websites geo-block consumers, track down rogue traders or even, subject to safeguards inserted by MEPs, order that websites hosting scams be shut down, were approved by the Internal Market and Consumer Protection Committee on Tuesday. Under this draft legislation, national enforcement authorities would be required to have a set of powers to detect and halt online breaches of consumers’ rights across the EU. Internal Market Committee rapporteur Olga Sehnalová (S&D, CZ) said:...

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Applications for the IN2NYC program are now available on the program website. Prospective participants can submit their applications now through May 3, 2017.In its inaugural application round, the program received one hundred forty four applications from around the globe. Visit the IN2NYC website to learn more about the program and apply! APPLY NOW Compliments of IN2NYC

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The European Securities and Markets Authority (ESMA)’s latest report on Trends, Risks and Vulnerabilities No. 1, 2017 (TRV) identifies political and policy uncertainty – such as potential repercussions from the upcoming elections in some EU Member States – as the main risk drivers for 2017. Risks in the markets under ESMA remit remained at high levels, reflecting very high risk in securities markets, and elevated risk for investors, infrastructures and services. Therefore, ESMA’s overall risk assessment remains unchanged: market and...

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The initial results of a preliminary investigation carried out by the French National Financial Public Prosecutor's Office, commenced in September 2015, has revealed a vast and complex money laundering network in six Member States (Denmark, Germany, Estonia, Spain, Latvia, Lithuania) and in the offshore financial centres outside Europe (Hong Kong, Singapore). An alert issued by the French Financial Intelligence Unit (TRACFIN) and a complaint by the Directorate General of Public Finance (DGFiP) led to the investigation, assigned to the Central...

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Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the Group of 20 (G20) Finance Ministers and Central Bank Governors Meeting in Baden-Baden, Germany: “Our meeting showed once again that the G20 provides a critical platform for major economies to work together within an established framework. We met at a time when growth is gaining momentum around the world and there are signs that the global economy has reached...

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