Regulatory Alerts2024-01-18
Signalenmonitor 2023
The Dutch Authority for the Financial Markets (AFM) published the 2023 Signalenmonitor, which analyzes incoming reports of potential misconduct in the financial sector. The document highlights that unlicensed providers of investment services received warnings and were placed on the warning list, with consumer complaints regarding consumer credit emerging as a new top-five signal. Additionally, the report notes a decrease in overall signals partly due to AFM enforcement actions against investment firms with European passports, while forex complaints disappeared from the top five.
AFM Signalenmonitor 2023 Signalen top-5 (2021-2023) Providers of investment services who operate without a license receive a warning and are placed on the warning list. 437 302 221 220 135 2021 2022 2023 Relative newcomer in the top-5: fraud with consumer credit. Crypto Payment account Mortgage credit Consumer credit Share Signals regarding... Forex, which in 2021 still accounted for 372 reports, disappears from the top-5. Questions from Signalen consumers Questions from businesses 0 5,000 10,000 Which reports did we receive? 2021 2022 2023 2021 2022 2023 2021 2022 2023 Number Look here for the full list: The decline in signals is due in part to the AFM having taken action against investment companies with a European passport. 49 Warnings after own investigation. ! ! ! 49 Warnings The Signalenmonitor is our periodic overview of incoming potential misconduct. This monitor shows the reports in 2023. i