On August 24, 2017, APEC issued a statement on the renewed talks between APEC and the EU on creating interoperability between the APEC Cross-Border Privacy Rules (“CBPR”) and the EU data transfer mechanisms.
On July 27, 2017, Singapore submitted its notice of intent to join the APEC Cross-Border Privacy Rules (“CBPR”) system and the APEC Privacy Recognition for Processors System (“PRP”).
On Monday, June 12, 2017, South Korea’s Ministry of the Interior and the Korea Communications Commission announced that South Korea has secured approval to participate in the APEC Cross-Border Privacy Rules (“CBPR”) system. South Korea had submitted its intent to join the CBPR system back in January 2017.
The ability of U.S. businesses to transfer data across borders received a big boost last month as Singapore, Chinese Taipei and the Philippines communicated their plans to join the Asia-Pacific Economic Cooperation (APEC) Cross-Border Privacy Rules (CBPR) system.
On February 22, 2017, the Federal Trade Commission announced that it had reached settlement agreements (“the Proposed Agreements”) with three U.S. companies charged with deceiving consumers about their participation in the Asia-Pacific Economic Cooperation Cross-Border Privacy Rules (“APEC CBPR”) system.
Over the last year, just about everyone in the trade community heard about Privacy Shield, a mechanism for transferring personal information between the United States and Europe. But you might ask, “what about the rest of the world?”
February 29 was an important day for a lot of companies. It was the day the European Commission and the U.S. Department of Commerce released the text of the EU-U.S. Privacy Shield, which thousands of companies had waited to read ever since Safe Harbor was declared dead by the European Court of Justice.
On February 25, 2016, the Asia-Pacific Economic Cooperation (“APEC”) issued a press release announcing the decision by the Joint Oversight Panel of the APEC Electronic Commerce Steering Group to approve the Japan Institute for Promotion of Digital Economy and Community (“JIPDEC”) as a new “Accountability Agent” under the APEC Cross-Border Privacy Rules (“CBPR”) system. Along with TRUSTe, JIPDEC will now be able to independently assess the compliance of companies under the APEC CBPR system. With this approval, Japan is now a fully operational participant in the APEC CBPR system.
APEC’s primary goal is to support sustainable economic growth and prosperity in the Asia-Pacific region. Within this context, APEC plays an important role in the Asia-Pacific region in promoting a policy framework designed to ensure the continued free flow of personal information across borders while establishing meaningful protection for the privacy and security of that information.
Canada has become the latest entrant into the APEC Cross-Border Privacy Rules System, boosting the protection of consumer data from security threats as it is transmitted around the Asia-Pacific while cutting compliance costs for businesses that increasingly depend on these information flows to operate and grow.