Category: General

Accountability (pursuant to Article 5(2) of the GDPR) when using tracking tools. In its activity report for 2019, the BayLDA once again discussed the issue of accountability in connection with…

After the entry into force of the GDPR in May last year, there was uncertainty among some website operators regarding the integration of contact forms on the website. In principle,…

The so-called “right to be forgotten” Today there are things worth knowing about the “right to be forgotten” in Article 17 of the GDPR. We will show you reasons when…

Rectification of the five-week-old EU blacklist European Union Finance Ministers today agreed to remove 8 countries from the said list, barely 5 weeks after the publication of the EU blacklist…

EU blacklist of tax havens As already announced in our last entry, we would like to take a closer look at some events that we considered noteworthy from a compliance…

Concretisation of product governance for financial products Bafin reports that the European Securities and Markets Authority (ESMA) has made available a new draft that is intended to regulate the development…

FATF Declaration and FATF Information Report, Amendment 4th EU Money Laundering Directive The Bafin circular 05/2016 contains three topics. The FATF Statement on Iran and North Korea The information report…

Schäuble upgrades special unit (FIU) in the fight against money laundering According to a report in the Handelsblatt, the special unit responsible for the fight against money laundering and terrorist…

In June 2016, Bafin published a new circular 04/2016 (GW) on video identification. In this circular, the requirements under money laundering law for video identification in the customer intake process…