Companies doing business in Chile would face new privacy compliance standards and stronger enforcement under a proposed law set for introduction in January.

The government bill would seek to protect citizen’s rights and freedoms over their personal data in line with Chile’s global commitments and the privacy standards of the Organization for Economic Cooperation and Development (OECD), which Chile joined in 2010, Deputy Finance Minister Alejandro Micco recently said.

Industry specialists say the lack of adequate data protection legislation is holding back the development of global technological services in Chile. Micco said that the proposed law aims to fix these shortfalls.

Source: Companies May Face Upgraded Privacy Law in Chile