Anti-Financial Crime & Financial Crime Compliance
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Analysis & Opinion, EU/Europe, Financial Services

Denmark watchdog chief calls for a re-examining of rules around data privacy vs data sharing, otherwise the risk remains that ‘some money laundering we won’t get at’

By Dan Byrne for AMLi

The head of Denmark’s financial crimes watchdog has questioned the boundary between data inquiry and data privacy when comes to monitoring the financial world.

Jesper Berg, director-general of the Financial Supervisory Authority (Finanstilsynet) in Copenhagen suggested the EU needs to re-examine how much that boundary adds to the cost of financial crime probes.

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