Wow.
Something sensible from Europe. How unusual!
New 'model clauses' governing the exporting of personal data outside of the European Economic Area (EEA) have come into force. The new documents update one of the ways in which data can leave the EEA legally. European Union data protection law says that personal data can only be transferred outside of the EEA if it is …
>update one of the ways in which data can leave the EEA legally.
Let me guess, the US administration asks for it. No other reason needed really.
WTF they need inter-european SWIFT data for beats me. It can't be for terrorism because most of that on US soil is by home bred and funded lunatics.
"The new clauses also place a demand on the EU organisation which owns the data to keep track of all sub-contracting."
yet again it seems masons manipulates the Facts to suit their long term purpose, in case it s Not clear, You own your data at all times.
You and ONLY You Give, and can take away at any time ,these so called EU organisation's the right to collect this given data that the given purpose Only.
At No time do these EU organisation's Own Your data , they have a licence to collect,process, and store it for given stated contractual purposes Only while you are receiving under a Consumer contract and No longer, services from them.