FutureFlow and further lessons from the ICO Sandbox

Privacy Paths

How did FutureFlow (a start-up business) win the confidence of the United Kingdom’s ICO’s regulatory sandbox to enable its anti-money laundering service to be ready for the market and also protect personal data?
Share the inside story of how FutureFlow has developed its software with the cooperation of major financial institutions and the financial regulatory authorities to track the flow of money in the international monetary system. FutureFlow’s objective is to be transformative for society by combating multi-billion dollar money laundering, and to enable personal data to be retained by the individual bank while sharing suspicious transactions with the authorities. We show how the ICO was helped in its work by close cooperation with the Financial Conduct Authority. This narrative has an international dimension, as the fight against money laundering does not stop at national borders.
If your company is doing something daring with personal data, but you are willing to have your positions challenged by exploring the boundaries of data protection law, this podcast will help you to move forwards to achieve a win-win in both commercial and regulatory terms.
We talk to the founder of FutureFlow and the head of regulatory assurance at the UK Regulator. Find out how both sides have benefited and learned from their experience of this one year ICO regulatory sandbox programme.
Participants:

• Chris Taylor, Head of Assurance (Supervision), Information Commissioner’s Office
• Vadim Sobolevski, Co-Founder, FutureFlow
• Helena Wootton, Correspondent and Data Lawyer, Privacy Laws & Business
• Stewart Dresner, Chief Executive, Privacy Laws & Business

See Privacy Paths episode 6 for the first podcast on the ICO’s regulatory sandbox.
If you are interested in applying for the ICO’s Regulatory Sandbox, you can find more information on their website.