Greece has increased transaction limits on its IRIS real-time payments system, doubling the daily cap for consumers, freelancers, and sole proprietors from €500 to €1,000 and introducing a €5,000 monthly cap for peer-to-peer transfers, with no cap for business payments. This regulatory amendment aims to boost IRIS adoption, reduce reliance on card payments, and stimulate economic activity by easing merchant costs.
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Greece has passed new regulations capping banking fees to ease financial pressure on consumers. Key measures include a €0.50 cap on money transfer fees for transactions up to €5,000, elimination of fees on state and utility transactions, and requirements for banks to contribute €100 million to school construction. This represents a significant regulatory intervention affecting bank revenue and consumer costs.
The Greek data protection authority has fined Clearview AI €20 million for GDPR violations related to its facial recognition software, ordering deletion of biometric data on Greek citizens and appointment of an EU representative. This enforcement action signals heightened cross-border regulatory scrutiny of biometric data processing under GDPR, with similar actions in France and Italy and pending complaints in other EU countries.
Privacy organization noyb has filed a complaint with the Greek Data Protection Authority against supermarket chain Alfa Vita for GDPR violations in its loyalty card program. The complaint alleges systematic non-compliance with data subject access rights and unlawful data processing practices, potentially resulting in fines up to 4% of turnover. This enforcement action signals increased regulatory scrutiny of loyalty programs and data subject rights compliance.
A Greek court has sentenced Intellexa founder and three associates to eight years in prison for unlawful access to private communication systems and violations of privacy and data laws related to the Predator spyware. This enforcement action demonstrates increased legal accountability for privacy violations and signals heightened regulatory scrutiny of surveillance technologies, with potential cross-border implications for companies handling sensitive data.