The French data protection authority imposed a fine of 50 million euros against Google for violating the EU’s General Data Protection Regulation (GDPR) principles. What does this decision mean for your business, for your website and for your processes?
Driven by high regulatory requirements and expectations, scandals that have become public, expensive investigations as well as the underlying reputational risks, financial institutions have been investing heavily into their anti-money laundering setups.
The Financial Action Task Force is constantly updating its country risk assessment. Whilst the list of high-risk jurisdictions include the usual suspects, there is surprisingly one European country on the list, making this is another challenge to be tackled by financial intermediaries.