In February, amendments to Turkish Banking Law No. 5411 introduced important provisions regarding how banks handle confidential customer data. Based on these provisions, the Banking Regulation and Supervision Agency introduced a secondary regulation that was finalized in March, the Regulation on Banks’ Information Technology and Electronic Banking Services. Gün + Partners' Begüm Yavuzdogan Okumus, CIPP/E, and Direnç Bada, CIPP/E, examine how the amendments take on the definition of personal data, system localization and enforcement sanctions for noncompliance.
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