The Spanish Securities Commission hosted the monitoring committee of Spain’s Action Plan against Financial Fraud, where the 22 public and private signatories agreed to reinforce cooperation and information exchange to respond more effectively to the rise in financial fraud. The group also approved the creation of a single reference website to help citizens identify potential scams and understand how to report them. The website is intended to consolidate information and practical guidance on spotting fraud attempts and using appropriate reporting channels. Signatories also agreed to expand communication and financial education initiatives, focusing on groups and age cohorts that receive more scam attempts and are more vulnerable. Participants highlighted the proliferation of fraud via social networks, the internet and messaging tools, and the increasing complexity of identifying perpetrators, and looked to the forthcoming application of the European Digital Services Regulation to provide additional tools to act faster against online dissemination of financial fraud. The Spanish Securities Commission also announced plans to run an investor survey to gauge perceptions of, and exposure to, financial fraud.
Spanish Securities Commission (CNMV) 2025-10-30
Spanish Securities Commission and 22 PAFF partners approve a single online anti-fraud information point and stronger information sharing
The Spanish Securities Commission (CNMV) hosted Spain’s Action Plan against Financial Fraud monitoring committee, where 22 signatories agreed to enhance cooperation and information exchange. They approved creating a website for identifying and reporting scams and expanding communication and financial education initiatives for vulnerable groups. The CNMV also plans an investor survey to assess perceptions and exposure to financial fraud.