LEXcellence Statement regarding the European Data Protection Board issues recommendations regarding compliance between the new AML-CFT framework and the GDPR

LEXcellence Statement regarding the European Data Protection Board issues recommendations regarding compliance between the new AML-CFT framework and the GDPR

Wednesday, 7 July, 2021

The European Data Protection Board’s Chair Andrea Jelinek published a letter to European Commissioner for Financial Services, financial stability, Capital Markets Union, and European Commissioner for Justice, which lists 6 recommended principles for the new AML-CFT framework. All of them focus on a responsible approach to data, which protects citizens’ rights to data privacy, and limits unnecessary data processing.

 

Here you will find LEXcellence Statement regarding the European Data Protection Board issues recommendations regarding compliance between the new AML-CFT framework and the GDPR

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