The financial crisis has emphasised the need to harmonise rules on the functioning of financial markets, a crucial source of financing in today´s economy. The EU actively tries to improve, in particular, the accountability of financial institutions and transparency of financial markets, at the same time combatting tax evasion and money laundering. These legitimate policies often require, in practice, the collection, use and storage of large amounts of personal information. Therefore, it is necessary to balance public policy objectives with the fundamental rights to privacy and data protection.
EDPS comments on a proposal for a Council directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation
Speech given by Giovanni Buttarelli at the European Anti-Fraud Congress, Brussels
Opinion on a notification for prior checking received from the Data Protection Officer of the European Investment Fund (EIF) regarding the processing of personal data in the context of Anti-Money Laundering and Financing of Terrorism (AML-CFT) (Case 2014-0908)
EDPS comments on a proposal for a Regulation of the European Parliament and of the Council amending Regulation No 966/2012 on the financial rules applicable to the general budget of the Union