Compliance with international regulations and standards has been a hallmark of our global screening and risk management data business. ---ISS President Chris Callas.
Kennesaw, GA (PRWEB) November 14, 2016
International Screening Solutions, the trusted leader in global sanctions software and screening, today announced that it has been certified for the transfer of personally identifiable information (PII) from the European Union (EU) to the United States (U.S.) under the EU-U.S. Privacy Shield.
The firm also established an EU-based instance of its industry-leading global sanctions, PEP and adverse media product, WorldWatch Plus®, so that EU clients can conduct individual and entity screening and due diligence without data transfer outside the EU.
The EU-U.S. Privacy Shield Framework was designed by the U.S. Department of Commerce and the European Commission to ensure companies comply with EU data protection requirements. Privacy Shield replaced a previous program called Safe Harbor, under which ISS also held certification.
“Compliance with international regulations and standards has been a hallmark of our global screening and risk management data business,” said ISS President Chris Callas. “We are proud to certify under this new banner for privacy assurances and further affirm our commitment to pursuing excellence in all our business practices, from global sanctions, to adverse media, to global identity verifications to international background screening.”
To join the Privacy Shield Framework, ISS was required to self-certify to the Department of Commerce and publicly commit to comply with the Framework’s requirements. Joining the Privacy Shield Framework was voluntary, but ISS’s commitment to comply with its requirements is now enforceable under U.S. law. The ISS Privacy Shield certification was led by Compliance Director Chris Campbell.
Privacy Shield replaces the EU-U.S. Safe Harbor Program, which the European Commission ruled did not sufficiently safeguard PII and had little oversight for companies who failed to adhere to Safe Harbor principles. Privacy Shield sets more stringent standards and provides stronger enforcement.
‘The approval of the Privacy Shield is a milestone for privacy at a time when the sharing of data is driving growth in every sector, from advanced manufacturing to advertising,” said U.S. Secretary of Commerce Penny Pritzker. “This Agreement includes new privacy protections for companies to implement, new commitments from my Department to oversee compliance, new collaboration with European institutions to ensure the Framework functions as intended, and new redress options for people across the EU.”
The ISS Privacy Shield Certification can be found at https://www.privacyshield.gov/list.
Founded in 2007, International Screening Solutions (http://www.intlscreening.com) serves pre-employment and due diligence organizations in the United States and abroad. WorldWatch Plus® was launched in 2015 to gather global sanctions, watch list, PEP and media data from thousands of sources for anti-money laundering (AML) and “know your customer” (KYC) programs. Clients used WorldWatch Plus to conduct more than 13 million global screens on individuals and business entities in 2016. Millions more are being monitored on daily, weekly, monthly and quarterly intervals.
About Privacy Shield
The EU-U.S. Privacy Shield Framework (https://www.privacyshield.gov) was designed by the U.S. Department of Commerce and European Commission to provide companies on both sides of the Atlantic with a mechanism to comply with EU data protection requirements when transferring personal data from the European Union to the United States in support of transatlantic commerce.