Romania imposes fine to Unicredit for shortcomings on GDPR compliance

The Romanian Data Protection Authority fines The local UniCredit office with 130.000€ as an investigation showed that the bank failed to implement appropriate Organization al technical measure to protect customers data.

In a few words, the bank processed more data than required in transactional documents, making available personal identification number and addresses to third parties.

Both the process of data processing design  and the date use were noted as deficient, leading to the fine.
This is the first GDPR related fine received by the group.


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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