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Europe Data Protection Digest | Resolution Impacts Banking Sector Related reading: European Commission concludes DMA workshops

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The Italian Data Protection Authority has passed a general resolution that impacts the banking sector. Rocco Panetta of Panetta & Associati Studio Legale writes that "after having monitored activities of 441 banks and financial institutions, the Garante issued rules to be followed in order to respect individual rights in the banking sector with specific respect to the obligation provided for by applicable bank law on tracking and storing all customers bank operations and, also, in connection with money laundering, bribery and fraud acts." The Garante now requires annual internal audits for banks and mandatory breach notification. (Article in Italian.)
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