Here is another issue of our “Secure Company” Alert, which this time contains information on counteracting money laundering and combating terrorism (AML), as well as on cybersecurity and personal data protection. We continue to hope that you will find it useful and interesting.
In this issue we dedicate a lot of attention to counteracting money laundering (AML). There are two reasons for this. Firstly, as of 31 July the group of so-called obligated institutions will be expanded as a result of the amendments to Polish regulations passed this spring. Most of them became effective as of 15 May, while others are about to go into effect. Secondly, the European Commission has announced a large package of changes to EU AML regulations. They are not only very interesting, but also important. In particular, they provide for several new solutions, such as the establishment of a new EU oversight authority, a ban on cash transactions in excess of 10 thousand euro, or a limit on anonymous payments in cryptocurrencies.
We would also like to draw your attention to the shorter pieces of information, including those on cybersecurity. As you will see, there are still serious problems, especially since the number of phishing attacks continues to be on the increase. A lot is also happening with regard to personal data protection, especially when it comes to the activities of the European Data Protection Board (EDPB).
We hope that another portion of information on the changes planned to AML regulations, as well as information on GDPR and cybersecurity, will be useful and will make it easier to navigate regulations and legislative trends, both Polish and European.
As always, we wish you a pleasant read, and should you need more or more detailed information, please don’t hesitate to contact our company and experts.
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