Several British banks are in talks with law enforcement and government agencies to share more data on suspected serious economic crime. The banks aim to tackle money laundering and terrorism financing in two landmark pilots set to launch soon. Sharing intelligence on major financial crimes is part of a wider effort to stop dirty money flows into the country, especially from Russia. The report indicates that banks have been wary of sharing customer data due to strict data protection and privacy laws that could lead to litigation.
What is this page?
You are reading a summary article on the Privacy Newsfeed, a free resource for DPOs and other professionals with privacy or data protection responsibilities helping them stay informed of industry news all in one place. The information here is a brief snippet relating to a single piece of original content or several articles about a common topic or thread. The main contributor is listed in the top left-hand corner, just beneath the article title.
The Privacy Newsfeed monitors over 300 global publications, of which more than 5,750 summary articles have been posted to the online archive dating back to the beginning of 2020. A weekly roundup is available by email every Friday.
