Significance that a recent European Union Court of Justice decision may have on the way in which POPIA is applied in South African courts, specifically in relation to cross-border transfers of personal information.
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The CRS imposes obligations on financial institutions to exchange tax and financial information on a global level with other countries - this cross-border transfer of sensitive financial data between jurisdiction raises data privacy and protection concerns.
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GDPR and POPIA regulation has made it imperative for companies and product developers to think about restructuring their data protection systems.
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