Watchlist Screening & Safe Harbor:
The Implications of Data Privacy & Protection on Business Today
Program: 16:30 – 17:00 Registration
17:00 – 17:05 Introduction
17:05 – 17:25 Watchlist Screening – A Conflict of Laws
17:25 – 17:45 Safe Harbor Declared Invalid – Implications for
17:45 – 18:00 Q&A
18:00 – 19:00 Mingle – Wine and Canape
Watchlist Screening – A Conflict of Laws
To combat terrorism, U.S. companies must screen customers, suppliers, employees, etc. against the the Office of Foreign Asset Control's (OFAC) Specially Designated Nationals (SDN) List. Any breach of these regulations is sanctioned by significant fines and imprisonment. At the same time, Swedish data protection regulations prohibit anyone other than public authorities to process personal data concerning criminal offenses. What does this conflict of laws mean for Swedish subsidiaries of U.S. companies, and are there strategies for handling this conflict in practice?
Safe Harbor Declared Invalid – Implications for Business
On October 6, the European Court of Justice (ECJ) declared the Safe Harbor Framework for data transfers of customer information for business purposes to the U.S. invalid. What does this mean for companies in Sweden, and what are the strategies for handling data transfers to the U.S. in light of the recent ECJ judgment?