Norway’s data protection authority, Datatilsynet, published its submissions for a public consultation opened by the Ministry of Finance on draft proposals to amend the Financial Institutions Act’s confidentiality rules in an effort to promote information sharing among institutions to prevent financial crime. The Datatilsynet outlined four considerations for the proposals, including ensuring the purpose for data sharing is limited to the stated purpose and adding measures that guarantee fundamental rights contained in the EU General Data Protection Regulation are observed.
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