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Enhancement of EU Council powers related to cyber security

On May 17th 2019 the EU Council approved a new framework allowing the institution to produce and enforce targeted sanctions in order to respond and deter cyber – attacks.

As per the approved regime the measures the EU Council may impose restricting targeted measures as a response to external threats, to the EU or to a Member State.

Such regime excludes the internal threats, and its scope was defined as applicator to cyber-attacks which:

  • originate or are carried out from outside the EU or
  • use infrastructure outside the EU or
  • are carried out by persons or entities established or operating outside the EU or
  • are carried out with the support of person or entities operating outside the EU.

Source

http://dsms.consilium.europa.eu/952/Actions/Newsletter.aspx?messageid=32242&customerid=71058&password=enc_4D73434B61583450326D3361_enc

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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