By Dan Byrne for AMLi
Anti-money laundering agencies in Europe risk ramifications from data protection authorities – and indeed from European citizens themselves – if new AML laws are not designed properly, the European Data Protection Board has said.
In a letter to European Commissioners Mairead McGuinness and Didier Reynders dated last month, the EDPB warned that “specific provisions” were needed in future legislation so this could be avoided.
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