The UK government, represented by the UK Department for Digital Communications, Culture, Media and Sport and the Dubai International Finance Center (DIFC), has issued a joint statement pledging to deepen their partnership in the field of secure and reliable data exchange.
Yesterday, the Dubai International Finance Center became the first financial center in the Middle East, Africa and South Asia to collaborate with the United Kingdom government in assessing the center’s legal capacity in the area of data protection.
Dubai International Financial hailed a major step forward in facilitating the free and secure flow of personal data between itself and the UK government.
This recognition will contribute to improving the flow of international data related to business transactions and financial services, and will facilitate the management of supply chains and consolidate the use of financial inclusion so that companies operating anywhere, especially in the Middle East, Africa and South Asia, and having relationships with the United Kingdom, expand its business and do business globally. Can build relationships.
According to the report, there are around 5,000 British companies in the UAE, many of which rely on secure data transfers.
Arif Amiri, CEO of Dubai International Center Authority, said: Dubai International Financial Center is a leading financial and business destination. , to ensure delivery of integrated financial services based on international best practices in the sector. In order to improve the development of key business activities of customers, and stakeholders.
For his part, Jack Visser, Chief Legal Officer and Data Protection Commissioner of the Dubai International Financial Center Authority, said: “Our team has collaborated with the British Ministry of Digital Communications, Culture, Media and Sport to create a reliable and scalable (data bridge) between us; At a time when the Joint Statement was published as concrete evidence of the UK’s role in establishing innovative data protection policies.
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