The Council of Europe recently elaborated Guidelines on data protection for the processing of personal data for anti-money laundering/countering the financing of terrorism purposes The main purpose of these guidelines is to provide orientation on how to integrate the requirements of Convention 108+ in the area of AML/CFT in order to provide for an appropriate level of data protection while facilitating transborder data flows and to highlight certain areas in the AML/CFT context where data protection safeguards should be strengthened.

These guidelines also aim at providing governments and policymakers with basic recommendations that should be considered when designing policies and regulatory instruments that comply with international data protection and privacy standards as provided by Convention 108+. To access the document Pls click Guidelines on data protection for the processing of personal data for anti-money laundering: countering the financing of terrorism purposes

 

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