German online bank N26 fined EUR50,000 for GDPR violation
( March 1, 2019, 13:10 GMT | Official Statement) -- MLex Summary: German online bank N26 has been ordered to pay a fine of 50,000 euros for failing to comply with the EU's data-protection rules, the Berlin data-protection regulator said in a statement. The watchdog said that the bank went too far in carrying out money-laundering controls, and kept lists of clients and former clients' personal data without their consent.Statement in German attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.