French DPA and EDPS publish anti-money laundering open letter

10/06/2022 | The CNIL

France's data protection authority, the CNIL, and counterparts within the European Data Protection Supervisor have called for consistency with the EU General Data Protection Regulation about drafting a legislative framework on money laundering and terrorist financing. In an open letter to European legislators, they note "the obligation imposed by the GDPR to process only data that is accurate, relevant, and limited to what is necessary" and said that the draft should state data processing rules for concerned organisations. In September 2021, the European Data Protection Supervisor Wojciech Wiewiórowski published his support for the European Commission’s proposed Anti-Money Laundering legislative package.

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Euro money, fine, monetary penalty

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