By PAUL O’DONOGHUE, Senior Correspondent
EU lawmakers have backed plans to introduce minimum standards for ‘finfluencers’, citing risks around hidden advertising, misleading claims and online investment fraud.
On Thursday, the European Parliament adopted a resolution with 502 votes in favour, 46 against and 42 abstentions. The measure calls for new safeguards on so-called ‘finfluencer’ communications, which lawmakers say have become “a primary source of financial information for younger people”.
Subscribe now to have unlimited access
With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
