Anti-Financial Crime & Financial Crime Compliance
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NEWS: Data watchdog sees red over EU governments’ plans for banks to share STRs and due diligence information; warning letter is setback for PPP plans

WARNING LETTER OVER FINCRIME PPPs: Andrea Jelinek, the head of the European Data Protection Board (EDPB) has said the body is worried by EU government plans for P2P data sharing in the new AML plan. The watchdog was created to enforce the General Data Protection Regulation (GDPR).

By STEPHEN RAE for AMLi EUROPE’S data protection watchdog has fired a warning shot across EU government plans for banks to share data with each other to fight money laundering and financial crime. The European Data Protection Board (EDBP) says it believe plans for Public Private Partnerships (PPPs) to share data between institutions would be…

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