Fine against bank from germany

Fine against bank from germany

If a customer terminated the business relationship with the bank, his / her data was blacklisted. If you try to open an account, the data will be compared with this blacklist and if there is a match, you are not able to open the account.

This is an illegal data processing according to GDPR. The company was fined € 50,000. According to its own statements, the company has introduced this practice due to anti-money laundering requirements.

Decision data:
01.01.2019

Country:
Germany

Type of Issue:
Illegal data processing

Number of involved data records:
unknown

Special category of data involved:
No

Fine:
€ 50,000,-

Reference: