#27: Article 75 and Privacy - The future of Cross-border Data Sharing

27 Nov

4th December 2025

With:

| Nick Maxwell (FFIS)

| Ian Wachters (Roseman Labs)

In this session, Nick Maxwell (Head of FFIS) and Ian Wachters (Roseman Labs) join FNA to dismantle the "Privacy Paradox"—the long-standing tension between the duty to share financial intelligence and the strict requirements of GDPR. As criminal networks increasingly exploit the "blind spots" between national borders and individual bank silos, Article 75 emerges as a critical harmonizing force across the EU and UK.

Our guests explore a fundamental shift in strategy: moving from sharing raw data (which carries high liability and privacy risks) to sharing encrypted insights. By leveraging Privacy-Enhancing Technologies (PETs) such as Secure Multi-Party Computation (MPC), institutions can now detect sophisticated mule networks and cross-border fraud patterns without ever exposing sensitive customer identifiers to one another.

Key Discussion Points:

The Article 75 Mandate: Understanding the new "safe harbor" for information sharing and its role in creating a unified European AML rulebook.
Sharing Insights, Not Data: How "encryption-in-use" allows banks to collaborate on risk scores and suspicious patterns without transferring personal data.
The Power of MPC: A deep dive into Secure Multi-Party Computation—the "puzzle piece" technology that allows multiple parties to compute a result without revealing their individual inputs.
Unmasking Mule Networks: Real-world use cases for detecting "layering" activities that span multiple jurisdictions and small-cap banks.
Operational Governance: Navigating the liability, auditability, and regulatory trust required to turn Article 75 from a legal text into a functional fraud-fighting utility.

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