The General Data Protection Regulation (GDPR) is a key piece of legislation designed to protect the personal data and privacy of individuals within the European Union (EU) and the European Economic Area (EEA). Introduced in May 2018, it establishes strict guidelines on how organisations collect, store, and use personal information. With its focus on transparency, accountability, and user rights, GDPR gives individuals greater control over their data while imposing significant responsibilities on businesses to ensure compliance. Whether you're a consumer or a business, understanding GDPR is crucial in today's data-driven world.

The European Union (EU) has implemented a comprehensive set of Anti-Money Laundering (AML) regulations to combat financial crime and ensure the integrity of its financial systems. These regulations are designed to prevent illicit activities such as money laundering, terrorist financing, and other financial crimes by requiring organisations to follow strict compliance standards. The cornerstone of the EU's AML framework is the EU Anti-Money Laundering Directives (AMLD), which are regularly updated to address evolving threats and align with international best practices. The framework sets out strict requirements for organisations to identify, prevent, and report suspicious financial activities to financial intelligence units (FIUs). But before we jump into the regime, lets first clarify few points.