Showing posts from May, 2022

The EU’s Data Act: Data protection must prevail to empower data subjects

The European Data Protection Supervisor (EDPS) and the European Data Protection Board (EDPB) published their  Joint Opinion  on the proposed Data Act. The EDPS and EDPB welcome the efforts made to ensure that the Data Act does not affect the current data protection framework. At the same time, since the Data Act would also apply to highly sensitive personal data, the EDPS and EDPB urge the co-legislators to ensure that data subjects’ rights are duly protected. The access, use and sharing of personal data by entities other than data subjects should occur in full compliance with all data protection principles and rules. Moreover, products should be designed in such a way that data subjects are offered the possibility to use devices anonymously or in the least privacy intrusive way possible.

Anti-money laundering experts MONEYVAL publish 2021 report

Governments need to step up their efforts and coordination to combat money laundering and terrorist financing by adopting stricter regulation and supervision of the virtual assets sector and the specialised “gatekeeper” professions, such as lawyers, accountants and other services providers who often help launderers, according to the Council of Europe’s anti-money laundering and counter-terrorist financing body  MONEYVAL . In its  annual report for 2021 , MONEYVAL examines the action required to improve the combat against money laundering. It also assesses compliance with international standards and developments in the legal and institutional frameworks to prevent money laundering and terrorist financing in the 34 jurisdictions it monitors.