Anti-Money Laundering legislative package (AML)
27 ottobre 2021
On 22 September 2021, the EDPS published his Opinion on the European Commission’s proposed Anti-Money Laundering legislative package (AML).
The proposed AML package takes a risk-based approach to the screening of banks’ clients in order to assess whether they may represent a money-laundering risk. While the EDPS appreciates the value of the risk-based approach underpinning the proposed legislative package, the Authority considers that further clarifications are needed to minimise intrusion into individuals’ privacy and to ensure full compliance with data protection rules.
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