GDPR: Tough nut for Swiss Banks

EU- General Data Protection Regulation, AML

The General Data Protection Regulation becomes binding from 25 May 2018. The GDPR emphasizes on the rights of private individuals. According to Martin Eckert the new regulation has various challenges for Swiss banks,

as the institutions have to identify whether their clientele falls under the new directive, even if the regulation does not apply in Switzerland. Read here in German about further background information in the complete article.

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