INSIGHT: GDPR Revamp the Opportunity for EU Bank Data-sharing to Fight Financial Crime

GDPR revamp could enhance EU banks' data-sharing to combat financial crime. Current regulations hinder sharing vital information between banks, stalling fraud prevention efforts. MEP Regina Doherty advocates for updates that maintain privacy while enabling quicker responses to scams, emphasizing the urgent need as fraud losses escalate in Europe. Improved data sharing can help detect fraudulent transactions and reduce broader financial crimes, balancing privacy rights and anti-crime measures.

https://www.amlintelligence.com/2025/04/insight-gdpr-revamp-the-opportunity-for-eu-bank-data-sharing-to-fight-financial-crime/

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