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An appreciation of the key updates to the FIAU’s Implementing Procedures – Part I

An appreciation of the key updates to the FIAU’s Implementing Procedures – Part I

The FIAU’s Imple­ment­ing Pro­ce­dures are issued by the Finan­cial Intel­li­gence Analy­sis Unit (FIAU) to imple­ment the PMLFTR (Pre­ven­tion of Mon­ey Laun­der­ing and Fund­ing of Ter­ror­ism Reg­u­la­tions) (in terms of reg. 17) and are bind­ing on ALL ‘sub­ject per­sons’, both nat­ur­al & legal, from the date they are issued.

Blockchain Technology vis-à-vis the GDPR

Blockchain Technology vis-à-vis the GDPR

The use of blockchain tech­nol­o­gy is still new to our dig­i­tal age, how­ev­er it is impor­tant to view such usage from a GDPR Per­spec­tive. The GDPR main­ly focus­es on the Pro­tec­tion Data and high­lights the impor­tance of com­pli­ance with the require­ments set out in the Reg­u­la­tion. Despite the incom­pat­i­bil­i­ties, the GDPR and Blockchain Tech­nol­o­gy can co-exist.