Walking the KYC and data protection tightrope
The EU General Data Protection Regulation is stirring the pot for financial institutions in trying to strike a balance between complying with AML laws while ensuring data protection.
Related articles
-
PremiumU.K. proposed changes to AML supervision
The U.K.’s financial services regulator will take a more central role as part of the government’s plans to simplify—and improve—efforts to clamp down on money laundering and terrorist financing.
-
ArticleComplying with the EU Data Act – What companies should know
Companies could face significant compliance challenges in trying to meet new EU legal requirements about how companies share data with third parties.
-
PremiumNew EU Data Act may impact companies’ GDPR compliance efforts
New rules that have recently come into effect across the EU will allow for greater transfers of data between companies, though experts fear the changes could conflict with Europe’s strict privacy legislation, which protects personal information.