Panama’s Law No. 81 on Personal Data Protection comes into effect on March 29, 2021, bringing a new set of compliance challenges for organizations. OneTrust can help support your compliance with Panama’s privacy law and make sure your program is up to date by March 29.
Register for the webinar: Panama’s Personal Data Protection Law: How to comply with the newest privacy law in Central America
Panama’s Data Protection Law: What You Need to Know
The law establishes that for the processing of personal data to be lawful, it must be carried out with the prior, informed, and unequivocal consent of the data subject, or leveraging another legal basis, including being necessary for the fulfilling a contractual obligation, provided that the data subject is a party.
The law will apply to natural or legal persons, public or private law, and profitable and non-profit organizations. The key requirements of the law include the following:
- Information can only be collected with the previous consent of the owner and with a defined purpose.
- All collected data is confidential and should be stored in a secure database for up to seven years, under the surveillance of the data keeper.
- The owner of the data has the right to access, modify, change, or remove their information at any time, and these rights must be clearly stated.
- Public institutions may request information following a judicial order, in which case the manager of the data is obliged to provide requested information.
Panama’s data protection regulation will afford data subjects a range of rights, including:
- Right to be informed
- Right to access
- Right to rectification
- Right to erasure
- Right to opt-out
- Right to data portability
- Right not to be subject to automated decision-making
Register for the webinar: Panama’s Personal Data Protection Law: How to comply with the newest privacy law in Central America
How Can OneTrust Support Compliance with Panama’s Privacy Regulation?
OneTrust has the solutions to help you comply with Panama’s privacy regulation, including:
- Regulatory Research: With OneTrust DataGuidance you can leverage the world’s most in-depth and up to date source of regulatory research to make sure your program stays on top of the latest developments.
- Privacy Management Software: Operationalize and introduce automation to your Panama compliance requirements including opt-outs, consumer rights, and privacy governance operations.
- Professional Services: Get support with planning and implementing your Panama compliance program with our implementation and validation services.
Panama’s new privacy regulation comes into effect March 29, for the latest insight be sure to register for our webinar Panama’s Personal Data Protection Law on April 6, or to find out more about how OneTrust can support your compliance request a demo today.
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