When Ben Delo, co-founder of cryptocurrency exchange BitMEX, filed a U.K. High Court complaint against money transfer app Wise Payments last December, few would have thought the case might have wider ramifications under U.K. privacy regulations.
Delo lodged his complaint against Wise, made public this month, after the company allegedly refused his requests under the General Data Protection Regulation (GDPR) to provide him with the personal information it had submitted to the U.K.’s National Crime Agency concerning three suspicious activity reports (SARs) it filed. The SARs related to two transactions Delo made in November 2020 worth a total 300,000 pounds (U.S. $402,000).
