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Data Protection and Privacy in Finance in Guinea - A Look at the Current State of Affairs

Guinea, West Africa - As the world continues to grapple with the issue of data protection and privacy, the African country of Guinea has taken steps to ensure that its citizens’ personal information is safeguarded. In this article, we will delve into the current state of affairs regarding data protection and privacy in finance in Guinea.

Current Legislation

According to Law No. 2016/037/AN on cybersecurity and personal data protection, any person or entity handling personal data must take all necessary precautions to prevent unauthorized access, distortion, damage, or loss of such data. The law also requires that personal data be confidential and processed exclusively by persons acting under the authority of the controller.

Rules Governing Electronic Marketing

Guinea has also established rules governing electronic marketing. Law No. 2016/035/AN on electronic transactions in Guinea provides that any advertisement, regardless of its form, must be clearly identified as an advertisement and allow for the identification and identifiability of the natural or legal person on whose behalf it is made.

Prohibited Direct Marketing Practices

However, direct marketing by sending messages through automatic calling machines or SMS, fax, or e-mail or any other electronic means of communication using, in whatever form, the contact details of a natural person who has not expressed prior consent to receive direct marketing is prohibited.

Online Privacy

In Guinea, online privacy is not specifically governed by law. However, the law prohibits and punishes with imprisonment for one to five years and a fine of 30 million to 200 million Guinean francs for carrying out or attempting to carry out direct prospecting using personal data without prior written consent.

Right to Object

Moreover, any person has the right to object on request and free of charge to the processing of personal data concerning him or her intended for prospecting purposes. This is a significant step forward in protecting citizens’ privacy and ensuring that their personal information is not exploited.

Conclusion

In conclusion, Guinea has taken steps to ensure that its citizens’ personal information is safeguarded and protected from unauthorized access, distortion, damage, or loss. While there are still areas where improvement is needed, the country’s efforts towards data protection and privacy in finance are commendable.

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