The European Data Protection Supervisor (EDPS) published Opinion 1/2017 on the proposal to amend the Fourth EU Anti-Money Laundering Directive, (4AMLD).
The opinion raises questions as to whether or not the invasive collection of personal data is proportionate to the fight against money laundering and terrorism financing. It also scrutinises the proposal of access to beneficial ownership information by competent authorities, and the significant and unnecessary risks that this might cause an individual who has a right to privacy and data protection.
To read the opinion, click here
