Llinks Law Offices successfully held the seminar of "Compliance and Practices on Personal Information Protection for Financial Institutions" on April 26, 2023 in its office in Shanghai.
Llinks Team delivered attractive speeches, and exchanged and discussed ideas with the participants in relation to algorithm compliance, App compliance and data export issues in the financial industry.
Xun Yang Esq., specializing in technology law practice, gave a speech on "Technology Leads Progress: Legal Considerations of AI Algorithms in the Financial Sector". He discussed the issues on intellectual property and personal information protection that may arise from big data, algorithms and artificial intelligence in the financial area, and introduced other possible regulatory issues on the use of such technologies in the financial industry.
Then, Xun Yang Esq. and Ms. Yuwei Xia shared the topic of "Compliance of Apps for Financial Institutions", discussing the latest legislation and law enforcement activities on personal information protection and Apps of financial institutions in 2023. In addition to analyzing the main risks in data compliance and the characteristics of law enforcement activities, they also thoroughly analyzed the possible compliance solutions in light of the typical violations in Apps found in practice.
After a tea break, Xun Yang Esq. and Ms. Heidi Hu introduced the choice of data export route, the regulatory trends and the experience in the data export security assessment declaration under the topic of "Cross-border Transfer of Personal Information for Financial Institutions". Moreover, in the context of the requirements and procedures of the data export security assessment guidelines, they illuminated the share of responsibilities among different departments of the company in the data export security assessment, and explained the common issues in the data export security assessment declaration.
The 2023 Llinks Seminar of "Compliance and Practical Issues on Personal Information Protection in Financial Institutions" attracted representatives from many financial institutions such as banks, securities firms, asset managers, insurance firms and several other emerging financial services industries. Llinks will always adhere to the principles of professionalism and pragmatism, combine the legal developments in data and financial industry, go deep in the heated and forefront points in industries, and provide a platform for industry insiders to communicate.
