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Q62 Single choice

A bank in the Netherlands has been requested to share information about a series of transactions and related customers with a bank in Italy . Both banks are subject to European Union jurisdiction .

Which factor is the most important to consider before the Dutch bank shares the requested information with the Italian bank?

A
The Dutch bank's legal obligations to protect customer privacy and bank secrecy prohibit it from
sharing any such information.
B
The Dutch bank should require a production order from the Italian bank and receive approval from its
legal department before sharing the requested information.
C
The need to fight financial crime outweighs the EU's data protection and privacy regulations .
D
The Dutch bank should limit any information sharing to what is necessary, reasonable, and proportionate , in line with applicable laws and regulations.

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