Abu Dhabi Global Market (ADGM), an international financial center in Abu Dhabi, became a member of the Global Privacy Enforcement Network (GPEN), an international global supervisory authority.
The introduction of the best international practices in the field of data protection and membership in organizations such as GPEN is an important advantage of ADGM to other international financial centers. Joining the GPEN is just one of the initiatives being implemented by the international financial center to ensure a higher level of data protection and confidentiality.
GPEN was established in 2010 and is an international network of data protection organizations. At the moment the organization has more than 60 members from 50 different countries and regions. All of them are united by the goal of enforcing international laws on the protection of privacy and enhancing the confidentiality of private information, and the protection of personal data at the global level.
The chairman of the international financial center believes that the protection of personal data and the confidentiality of private information are the fundamental principles of the correct and transparent operation of ADGM.
The ADGM Registration Authority has strengthened the data protection regime in accordance with the best international practices. In addition, it always strives to introduce innovations in this area.
The general statutory provision on data protection comes into force in the European Union on 25 May this year.
ADGM became the first organization in the Gulf region, which provides an opportunity to establish international cooperation in the field of data protection. Membership in the GPEN provides access to a platform for the exchange of experience and facilitates the establishment of interaction in the implementation of privacy laws, and also allows the positioning of ADGM as an international leader in the field of data protection and privacy.
In addition, thanks to membership in the GPEN, the financial center has new opportunities to raise public awareness about the importance of confidentiality and data protection. ADGM also becomes an authorized regional organization to address issues related to the confidentiality of private information and its protection. And this is quite urgent taking into account international initiatives in this field, which are being implemented now.