The assessment in this report helps bank supervisors in EU to assess the sustainability of the main sources of funding at banks.
The UK’s new mission statement regarding these changes indicates that it intends to focus its attention on a new series of ‘data adequacy partnerships’ to drive international trade with countrieS.
WhatsApp was ordered to pay a 225 million EUR penalty for failing to be transparent about how it handled personal information, its first fine under EU data protection law.
The EBA announced a three-month public consultation on a new set of guidelines for the role, tasks, and responsibilities of compliance officers responsible for anti-money laundering and countering the finance of terrorism.
The European Union’s Anti-Fraud Office (“OLAF”) recommended that the Commission recover €293m to the EU budget, according to its annual report for 2020.
The European Commission published two sets of new standard contractual clauses governing cross-border data transfers and data exchanges between controllers and processors.
The EU is planning to create a new anti-money laundering watchdog in the wake of several bank scandals before the pandemic.
The European Commission has adopted two adequacy decisions for transfers of personal data to the United Kingdom, one under the General Data Protection Regulation and the other for the Law Enforcement Directive.
The Council of Europe issued a stark warning to EU countries about their below-par performance in anti-money laundering.
Amazon is reportedly facing the largest GDPR fine on record (€350 Million) following an investigation by the Luxembourg data protection authority