EU financial crime fight to be supplemented with data sharing guidelines
( July 1, 2026, 16:26 GMT | Official Statement) -- MLex Summary: Businesses and professionals covered by European anti-money laundering rules are to get guidelines on sharing information to fight financial crime while protecting personal data under joint plans by the EU’s Anti-Money Laundering Authority and European Data Protection Board. The guidance is intended to clarify how Article 75 of the Anti-Money Laundering Regulation is applied, including in relation with the GDPR. From July 10, banks, crypto firms and other regulated entities will be able to exchange information with one another and authorities, helping detection of cross-border money laundering and fraud while reducing businesses' compliance and legal costs. The AMLA and EDPB plan to consult on the draft guidelines in the first half of 2027.Statement follows....
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