The legislation also amends the extraterritorial jurisdiction of the Privacy Act to bring into scope foreign firms conducting business in Australia.
November 30, 2022The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.
September 29, 2022Jingyuan Shi and Yuchen Lai discuss how security assessments should be completed under China’s latest rules on cross-border data transfers.
August 3, 2022Nick Westbrook outlines the most significant areas of reform to the UK GDPR since it came into force in May 2018.
July 15, 2022FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.
June 28, 2022Thailand's banking, securities, insurance and data protection authorities have signed a supervisory cooperation MoU ahead of the 1 June implementation of the new PDPA.
May 9, 2022The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.
April 8, 2022Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.
January 31, 2022The draft bill will introduce tougher penalties and enforcement powers to enable the OAIC to resolve matters more effectively and efficiently.
November 12, 2021PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.
November 5, 2021