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Banco Santander Chile found guilty of violating data protection laws

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Banco Santander Chile found guilty of violating data protection laws

An appeals court in Santiago found Banco Santander Chile guilty of violating data protection laws when it failed to properly dispose of documents containing clients' personal and financial information in 2015, Diario Financiero reported.

However, the court denied a demand by the plaintiffs for 3 million Chilean pesos in compensation. According to the publication, both the bank and the impacted clients can appeal the verdict.

As of June 11, US$1 was equivalent to 633.50 Chilean pesos.