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Data Security Impasse Overturns Safe Harbor Program
An Austrian student’s displeasure with Facebook has invalidated the longstanding trans-Atlantic Safe Harbor program for international data transfers. That complaint, originally about Facebook’s alleged cooperation in U.S. government spying, has reached the highest court and Europe and overturned 15 years of data privacy rules. Companies are left with few viable ...
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ArticleDigital wallets to speed up regulatory checks for recruitment, property transactions
You can already buy a coffee with your phone, but soon you could start a job or buy a house with it. Digital compliance wallets holding certificates and documents on smartphones are gaining traction worldwide.
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ArticleEU targets crypto, fintech firms in push to tackle money laundering
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.