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Post by : Badri Ariffin
The Dubai International Financial Centre (DIFC), recognized as the premier global financial center for the Middle East, Africa, and South Asia (MEASA), has officially joined the Global Cross-Border Privacy Rules (CBPR) Forum. This significant step marks a key advancement in international data protection and governance.
This development was announced during a recent Global CBPR Forum workshop in the Philippines, positioning DIFC as the inaugural jurisdiction outside of the Asia-Pacific Economic Cooperation (APEC) region to earn this membership. Additionally, DIFC is now part of the Global Cooperation Arrangement for Privacy Enforcement (Global CAPE).
This strategic decision underscores DIFC's unwavering commitment to establishing secure, transparent, and interoperable cross-border data frameworks that align with the growing needs of global businesses and individuals. It further bolsters the UAE Digital Economy Strategy, reinforcing Dubai's stature as a trusted leader in the global digital economy.
Membership in the Global CBPR Forum is set to enhance international trade by ensuring rigorous data protection standards, empowering businesses to manage personal data across borders with increased confidence and regulatory clarity.
His Excellency Arif Amiri, CEO of DIFC Authority, commented on this achievement, highlighting that the membership acknowledges DIFC's proactive stance on advancing data privacy and protection. In the current digital landscape, particularly within the financial sector, companies routinely handle vast amounts of personal data, making robust regulatory frameworks essential. DIFC's legal structures support over 8,000 registered organizations, reflecting the commitment to world-class standards.
The CBPR System certifies organizations that adhere to stringent criteria for cross-border personal data exchanges. Initially established within APEC, the framework gained global traction in 2022 with the launch of the Global CBPR Forum, promoting regulatory interoperability across jurisdictions worldwide.
To further assert its leadership, DIFC enacted Regulation 10 in 2023, the first of its kind in the MEASA region, which governs the application of AI, machine learning, and generative technologies in personal data processing. This regulation emphasizes the ethical, transparent, and responsible use of data in advanced technologies.
Following its active engagement in the Global Privacy Assembly (GPA) in Seoul, South Korea, where cooperation agreements were established with data protection authorities from Brazil, the Isle of Man, Uganda, and Kenya, DIFC is preparing to host the GPA Conference in Dubai in 2026, further solidifying its position as a global leader in privacy and data protection.
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