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Data Privacy Compliance for Financial Institutions in Poland

In today’s rapidly evolving regulatory landscape, financial institutions in Poland must navigate a complex web of legal and regulatory requirements to ensure data privacy compliance when using cloud services. Amazon Web Services (AWS) is committed to providing a strong compliance framework and advanced tools and security measures to help customers meet these requirements.

The Polish Financial Supervision Authority

The Komisja Nadzoru Finansowego (Polish Financial Supervision Authority, KNF) is Poland’s financial supervisory authority, responsible for overseeing credit institutions, securities markets, and other financial entities. In January 2020, the KNF issued guidelines on information processing by supervised entities using public or hybrid cloud computing services.

Compliance Requirements

Financial institutions in Poland must comply with a range of regulations when using cloud services, including:

  • Polish Cloud Guidelines
  • Insurance Law
  • Banking Law
  • Cloud Computing Communication

These requirements cover contractual and operational areas such as:

  • Risk assessment
  • Information processing
  • Audit rights
  • Sub-outsourcing
  • Contingency plans

AWS Support for Compliance

AWS encourages its financial institution customers to obtain appropriate advice on their compliance with all regulatory and legal requirements relevant to their business. Financial institutions are permitted to use cloud services provided they comply with applicable legal and regulatory requirements.

Key Considerations when using AWS in Poland

For those using AWS services in Poland, key considerations include:

  • Assessing the classification of workloads and information according to local requirements
  • Reviewing the AWS Shared Responsibility Model
  • Mapping AWS responsibilities and customer responsibilities for each service used

Resources for Compliance

AWS provides a range of resources to help financial institutions navigate data privacy compliance, including:

  • Compliance Quick Reference Guide
  • Implications of the Code of Conduct for Cloud Infrastructure Service Providers in Europe
  • Navigating GDPR Compliance on AWS
  • Using AWS in the Context of Common Privacy and Data Protection Considerations

Get in Touch

For more information or to contact an account representative, please visit [insert website URL].