ANZ Dashboard DigestDaily Dashboard

Commissioner Admonishes Banks for Sharing

PRIVACY LAW—HONG KONG

June 20, 2011

Privacy Commissioner for Personal Data Allan Chiang is displeased with four banks that released customers' personal data to third parties, AFP reports. Citibank, ICBC, Fubon Bank and Wing Hang Bank released customer data, Chiang says, and several profited from doing so. The data was transferred without user consent, and the banks' disclosures on data practices are vague and printed in small font, the commissioner said. "I am disappointed that the banks are less than forthcoming in following good privacy practices," Chiang said, adding, "We trust that the practice of naming data users will invoke the sanction and discipline of public scrutiny" and "encourage compliant behavior."
Full Story