WWFT en AVG: minder data opslaan, beter beschermd

Dutch financial institutions face conflicting requirements between WWFT client identification obligations and GDPR data retention limits. The WWFT mandates thorough client verification and documentation, while GDPR restricts how long personal data can be stored. This creates a dilemma: overly complex processes or insufficient data retention that increases breach risks. Organizations must balance compliance with both regulations to maintain security without excessive data collection.