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Banking Regulations for Data Protection in Brunei Darussalam
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In a bid to safeguard sensitive information and protect individual privacy, the Brunei Darussalam Central Bank (BDCB) has implemented robust data protection measures. In this special report, we explore the banking regulations for data protection in Brunei Darussalam.
Objective
The BDCB is committed to protecting its employees’, properties’, information, reputation, and members of the public’ information from potential threats. To achieve this objective, the bank has adopted an Information Security Management System (ISMS) that adheres to industry best practices and standards.
Principles
The principles guiding data security at BDCB are straightforward:
- Ensuring privacy
- Protecting sensitive information against internal and external threats
The bank also ensures that its ISMS is aligned with its business objectives, undergoes continuous reviews, and adapts to evolving risks.
BCDB’s Commitment
The BDCB is committed to reviewing its information security policies and guidelines regularly to ensure they remain effective. Additionally, the bank aims to protect third-party information entrusted to it in a manner consistent with its sensitivity and in accordance with applicable agreements.
Collection of Information
The BDCB collects personal data directly from individuals when necessary or practical. In some cases, data may be collected from other sources for statutory functions or recruitment purposes. The bank informs individuals how their data will be used or disclosed unless it is apparent at the point of collection.
Protection of Personal Data
To ensure the security of individual personal data, BDCB takes appropriate measures to preserve confidentiality:
- Safeguards vary depending on data sensitivity, storage methods, and technological advancements
Use and Disclosure of Personal Data to Third Parties
The BDCB may share personal data with third parties if necessary for legal, medical, or security reasons. However, the bank strives to prevent data from being made available for purposes other than those specified in the data protection policies and procedures.
Individuals’ Information Rights
Under certain circumstances, individuals have the right to:
- Withdraw consent
- Request erasure of personal data
- Object to processing
- Access their personal data
- Request correction
- Request portability
However, these rights are subject to exemptions and limitations, and BDCB reserves the right to allow or deny individual requests at its discretion.
How to Contact Us
If you have any questions, concerns, or feedback on BDCB’s data protection policies and procedures, please contact us at info@bdcb.gov.bn.