Thought of the Day: Does Data Protection need more international harmonisation and supervision?

December 08 16:26 2017 Print This Article

In the world of financial crime prevention and anti money laundering, there are many international organisations that work together to provide guidance and monitor companies globally. This includes the Financial Action Task Force (FATF) that has 37 international member jurisdictions and creates recommendations for all members to follow. There is a mutual evaluation process that checks if countries are meeting the international recommendations.

Although the GDPR harmonises data protection across the EU and will affect other countries (that handle the data of EU citizens), would it be better to have a more official set of rules for all countries to follow? In a world that is becoming more globalised, is it enough to focus on good data protection for EU citizens when it can affect anyone in the world? So far, it seems that some countries are choosing to follow suit with the GDPR. Maybe in future it could become the international standard.

view more articles

About Article Author

GDPR Associates
GDPR Associates

View More Articles
write a comment

0 Comments

No Comments Yet!

You can be the one to start a conversation.

Add a Comment