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Data

The EU/US Privacy Shield Framework

COMPANIES AND THE EU/US PRIVACY SHIELD FRAMEWORK

Introduction – what is the Privacy Shield Framework?

On 24 October 1995, the European Commission’s Data Protection Directive came into effect, prohibiting the transfer of privacy information of European residents to Non-European Union countries that fail to comply with the EU’s “adequacy” standard for data protection. Because there exist strong commercial ties between the EU and the US, transfer of personal data plays a major role in the transatlantic relationship, most especially in the modern day digital economy.