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Successful third annual review of the US privacy shield

According to the third annual review made by the EU commission, the USA continues to maintain a robust framework for the protection of data, making the transfer of personal data between the EU and the USA compliant with specific rules.

The report included a number of recommendations including a better more adequate supervision.

The report noted a previously mentioned element of the data protection strategy, passing from the intention phase to the operational one.

Some improvements related to the aforementioned areas and other elements highlighted by previous were noted by the reporting team.

Human Resources and government bodies access to data were analysed in detail arriving to the conclusion that the same were compatible with the standards set under GDPR and privacy rules respectively.

Source

https://ec.europa.eu/info/sites/info/files/report_on_the_third_annual_review_of_the_eu_us_privacy_shield_2019.pdf

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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