Tuesday 16 April 2024
 
»
 
»
Story

DIFC becomes member of Global Privacy Assembly

DUBAI, October 13, 2020

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has announced that the Centre is now a fully accredited member of the Global Privacy Assembly.  

The appointment follows the enactment of the Data Protection Law, DIFC Law No 5.of2020 which underscores DIFC’s commitment to applying international best practice. It also reinforces key privacy principles including accountability, safeguards for international transfers, and support of data subjects’ rights especially with respect to emerging technology issues.

The Global Privacy Assembly is an international group established in 1979 as the premier global forum for data protection and privacy authorities. The Assembly is comprised of more than 130 leading global Information and Privacy Authorities and Commissioners. Led by the UK’s Information Commissioner’s Office, it is an independent authority set up to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals.

DIFC will work with GPA Members to implement global best practice within data protection and privacy to support sustainable business growth and shape the future of finance, whilst effectively fulfilling privacy mandates.

Jacques Visser, Commissioner of Data Protection at DIFC Authority, said: “We are pleased to announce that DIFC is the region’s first fully accredited Member of the Global Privacy Assembly. We continue to work relentlessly to deliver comprehensive privacy legislation that is at the forefront of global standards and supports our commitment to drive the future of finance. The accreditation will enable DIFC to build on the Centre’s reputation as a leading global financial centre focused on innovation and collaboration, whilst also promoting ethical data sharing.” – TradeArabia News Service




Tags:

More Finance & Capital Market Stories

calendarCalendar of Events

Ads