1. zondacrypto
  2. zondacrypto exchange
  3. Verification of the source of funds
  4. How does the requirement to share information related to AML verification relate to the GDPR?

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How does the requirement to share information related to AML verification relate to the GDPR?

In the context of the GDPR, the cited provision mentions that obtaining this information and processing it by obliged entities for the purposes of the AML Act (Estonian Anti-Money Laundering and Terrorist Financing Act of 26.10.2017) is possible because the implementation of the AML Act is in the public interest mentioned in the GDPR.

In other words, zondacrypto can, and indeed is obliged to, collect the information in order to act in the public interest mentioned in the GDPR.