What's Inside:

In this paper, Laura Glynn examines how financial institutions can manage local jurisdictional KYC obligations and deal with complex security and data privacy requirements across jurisdictions.

Highlights include:

• A deep dive on global and cross-jurisdictional data protection laws and how these can be categorized into common themes
• An exploration of how data privacy laws are evolving globally
• A thorough examination of one data privacy law – EU GDPR – and its impact on financial institutions, including the reputational and financial penalties resulting from non-compliance
• A four-fold strategy to prepare for the dawn of new data privacy regulations