In the case of finance, anti-money laundering laws triump GDPR. If you as a financial institution suspect money laundering by your client i.e. a spike in trans

In the case of finance, anti-money laundering laws triump GDPR. If you as a financial institution suspect money laundering by your client i.e. a spike in transaction volume, you as a financial institution have an unlimited time to not to reply, can freeze the assets and cannot be held responsible for any inconvenience. Even suspecting money laundering is enough, you do not need to have an evidence. In fact it is opposite and it is a criminal offensive to tip off anyone about AML issues. The law is very one sided. https://www.mondaq.com/cyprus/privacy-protection/1008074/gdpr-vs-aml-when-the-titans-clash https://www.mondaq.com/cyprus/privacy-protection/1008074/gdp...