What is GDPR?

General Data Protection Regulation or GDPR is the regulation that will protect all personal or professional data of the European Union member countries' citizens and ensure that the rights on these data are taken and terminated from internet companies. Any organization using the personal data of individuals must comply with this regulation. In case of non-compliance, sanctions such as fines are applied to the institution.

In GDPR, the rights to the user's personal data are determined precisely. In order to collect, store, and process the information of the person concerned, firstly, it is necessary to state the purpose for which it will be handled clearly. If the purpose changes, it is necessary to get permission from the person concerned. Therefore, all companies in Europe will need to conduct a rigorous review of how they will use personal data before dealing with them.


Primary Criteria for GDPR Compliance Obligation:


  • To be in a European Union country,
  • To process the personal data of European Resident persons, even if they are not in the European Union,
  • Having more than 250 employees,
  • Having data processing processes that affect data owners' rights and freedoms, with fewer than 250 employees.


GDPR Requirement


There are GDPR requirements that apply to every member state of the European Union, which aims to provide more consistent protection of consumer and personal data among EU countries. Some of GDPR's main privacy and data protection requirements are:

  • To explain how you concisely process data using clear and plain language.
  • Data owners request access to learn specific information about a data controller's processing activities. data owners asking you to delete the information you have about them
  • Data holders do not object to you when processing their data.
  • Requesting approval of subjects for data processing
  • Anonymizing data collected to protect privacy
  • Securely process data transfer beyond borders
  • Ask some companies to appoint a data protection officer to check GDPR compliance.

GDPR sets a basic set of standards for companies that process EU citizens' data better to protect their personal data processing and movement.


Steps to Ensure GDPR Compliance


  1. Read GDPR Physically
  2. See Other Organizations
  3. Pay Attention to Your Website
  4. Pay Attention to Your Data


Five Important Things to Consider for GDPR Compliance


  • GDPR compliance is mandatory for all data you collect.
  • High penalties
  • When requesting personal information from the user, clear and easily understandable, permission should be requested from the user.
  • Violation notices: According to the new regulation, the institution or organization must complete the notification process within 72 hours after it becomes aware of the violation.
  • Privacy

All companies that offer European citizens goods or services or monitor their behavior are affected by GDPR regulations. GDRP implementation has a very wide domain because it is a regulation, including both controllers and processors.


Managing AML Challenges Under GDPR


With GDPR in effect, financial institutions in the EU and beyond must manage their AML compliance obligations in a new data protection regime. Since Anti-Money Laundering efforts (AML) demands intensive focus on personal data, the restrictions introduced by GDPR may represent a challenge for financial institutions. 


AML and GDPR Compliance With Sanction Scanner


As Sanction Scanner AML Compliance Software, our GDPR compliance warranties are set out in our service agreements as standard. AML controls performed by our customers are GDPR compliant. Sanction Scanner never stores your data. Protect your business with our growing sanction screening tool. Ensure transparency in your business by regularly scanning with our PEP & Sanction lists. You can contact us for more information.



Request a demo and learn how Sanction Scanner protects your firm from the Financial Crimes.

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