Norway: Opened consultation on DPA and FSA sandbox project exploring data sharing to combat financial crime

On 14 November 2024, the Danish Data Protection Authority (DPA) and Financial Supervisory Authority (FSA) opened a consultation into a regulatory sandbox to explore the use of data sharing in combating financial crime until 10 January 2025. The consultation applies to banks and financial institutions engaged in data-sharing solutions to participate in a regulatory sandbox. The institutions will receive guidance on navigating regulations and exploring technical solutions for secure data sharing between private companies and authorities. The sandbox aims to identify regulatory obstacles, assess the need for new regulations, and clarify regulatory requirements.