HAITI ADOPTS DATA PRIVACY LAWS FOR FINANCIAL INSTITUTIONS

Introduction

Port-au-Prince, HAITI - The Haitian government has introduced a new decree aimed at protecting the personal data of citizens in the country’s financial sector. The “Law Arrêté fixant les règles relatives à la protection des données à caractère personnel” was published in the official gazette Le Moniteur on May 15, 2018.

Key Provisions of the Decree

The decree sets out to regulate the collection, processing, and storage of personal data by financial institutions in Haiti. It defines sensitive personal data as any information that could infringe on an individual’s rights and freedoms.

Defines sensitive personal data as information that could infringe on an individual’s rights and freedoms
Requires financial institutions to inform individuals when collecting and processing their personal data
Mandates that financial institutions store personal data securely and only authorized personnel have access
No specific regulation on breach notification, but unauthorized communication of personal data can lead to lawsuits

Enforcement

The Haitian government will oversee the implementation of the decree. Financial institutions that fail to comply with the regulations may face penalties under Article 436 and 437 of the Penal Code.

Conclusion

The new decree is a significant step towards protecting the rights of citizens in Haiti’s financial sector and maintaining trust in the industry. It aims to ensure that financial institutions handle personal data responsibly and securely, thereby safeguarding individuals’ rights and freedoms.

ENFORCEMENT AND PENALTIES

The Haitian government will oversee the implementation of the decree
Financial institutions that fail to comply with the regulations may face penalties under Article 436 and 437 of the Penal Code