Regulators are concerned with communications on apps such as WhatsApp that a company may not be able to provide in response to an investigation Banks have to walk a fine line to comply with those requirements without infringing upon employees' privacy, said one of the sources.
The organizations that claimed to represent business and financial interests urged the to withdraw support for the measure and find 'more targeted measures' to reduce the tax gap.
In the United States, there is no clear-cut legal basis on which an employer can demand to inspect employees' personal communications, while in other countries doing so may breach data protection statutes, the source said.