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ARTICLE · 10 NOVEMBER 2020

Personal Data Protection – Commissioner Issues A Fine Against Local Bank

A complaint was filed with the Office of the Personal Data Protection Commissioner against one of the major Banking Institutions in Cyprus...

CyprusPrivacy
G. Vrikis & Associates LLC
G. Vrikis & Associates LLC
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A complaint was filed with the Office of the Personal Data Protection Commissioner against one of the major Banking Institutions in Cyprus and its associated insurance company, by an individual, who had requested a copy of his insurance policy, but despite the relevant investigation, it was not possible to locate it. According to the Bank, the client's account had been transferred to another city many years ago and the original contract had been filed somewhere where it was difficult and time consuming to locate. For that reason, the Bank suggested to the client to cancel the contract.

Nevertheless, based on the data of the investigation, it was clear that the insurance company, as a separate controller, did not illegally process the personal data of the complainant. On the other hand, it was found that the Bank did not notify the Commissioner of a breach of contract in relation to the loss of the contract, as required by Article 33 of the Law providing for

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