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Question 203 - CIPP-E discussion
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Jane Stan's her new role as a Data Protection Officer (DPO) at a Malta-based company that allows anyone to buy and sell cryptocurrencies via its online platform. The company stores and processes the personal data of its customers in a dedicated data center located m Malta |EU).
People wishing to trade cryptocurrencies are required to open an online account on the platform. They then must successfully pass a KYC due diligence procedure aimed at preventing money laundering and ensuring compliance with applicable financial regulations.
The non-European customers are also required to waive all their GDPR rights by reading a disclaimer written in bold and belong a checkbox on a separate page in order to get their account approved on the platform.
The customers must likewise accept the terms of service of the platform. The terms of service also include a privacy policy section, saying, among other things, that if a
What is potentially wrong with the backup system operated in the AWS cloud?
The AWS servers are located in the EU but in a country different than the location of the corporate headquarters.
It is unlawful to process any personal data in a cloud unless the cloud is certified as GOPR-compliant by a competent supervisory authority.
The data storage period has to be revised, and a data processing agreement w*h AWS must be signed
AWS is a U S company, and no personal data of European residents may be transferred to it without explicit written consent from data subjects.
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