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Data Protection

Beyond PMLA – The Future of Cryptocurrency in a Regulated World

Crypto currency transactions have been gaining popularity worldwide, as they provide a decentralized platform for financial transactions. However, with the increase in use of crypto currency, there is also an increase in the risk of it being used for illegal activities such as money laundering. In order to combat this, the Indian government has included crypto currency under the Prevention of Money Laundering Act (PMLA) 2002.

The PMLA is a law that aims to prevent illegal activities such as money laundering and terrorism financing. It requires financial institutions to keep records of all transactions and report any suspicious transactions to the authorities. With crypto currency now being included under this act, users of crypto currency must follow the same rules and regulations as traditional financial transactions.

Users of crypto currency must register with the authorities to be able to buy or sell crypto currency, verify their identity through a Know Your Customer (KYC) process, maintain accurate records of their transactions, and report any suspicious transactions to the authorities. Financial institutions that deal with crypto currency must implement KYC procedures and monitor transactions for suspicious activity.

Following the rules and regulations under the PMLA can help to keep the crypto currency industry safe and secure for everyone. By implementing KYC procedures and monitoring transactions, financial institutions can detect any suspicious activity and report it to the authorities. This helps to prevent illegal activities such as money laundering and terrorism financing.

In conclusion, the inclusion of crypto currency under the PMLA is a positive step towards ensuring the safety and security of financial transactions. Users of crypto currency must follow the rules and regulations under the PMLA to prevent illegal activities, and financial institutions must implement measures to monitor transactions for suspicious activity. By working together, we can help to keep the crypto currency industry safe and secure for everyone.


Social Media Abuse and Criminal Law

Social Media is not a trend but a habit now. It has become a requirement for individuals and organisations. With the increase in the use of social media, there are regular instances of its abuse in various forms. This has triggered a new discussion to regulate social media abuse. But the question remains whether the criminal law in India is well-equipped to deal with a new set of offences.

Watch LawWiser video on Social Media Abuse and Criminal Law where our host Sania Husaini in conversation with Vivek Sood Senior Advocate and Megha Babar, Legal Counsel, Syngenta, discuss various aspects of this issue.

Watch them explain :

– Various types of social media abuse

– Need to define Social Media Abuse

– How are companies dealing with instances of social media abuse and what actions are they taking to protect against such abuse?

– Need for maintaining checks and balances by policymakers while defining social media abuse?

Tune in now to watch all this and much more in detail.


Cyber Security – Tips & Tricks | #DataProtection

Nowadays most of our time is spent on the internet, and we share more of our personal data with everyone. And in the process, we end up sharing a lot of personal information online.

Cybersecurity has become extremely essential and a necessity today and it is important to protect such information from data breaches. It is extremely important to protect such sensitive information from cyberattacks.

Watch Avani Shukla where she talks about different tips and tricks that we can practice in our everyday life like clickjacking, multi-factor authentications, anti-virus applications and much more.

Tune in to learn more.


Decoding Digital Personal Data Protection Bill – Nirupam Srivastava

India’s Data Protection Bill 2022 is set to bring in sweeping changes to the way data is collected, stored and processed within the country.

Watch Nirupam Srivastava, VP Strategy, AI, New Initiatives, Hero Enterprise in this interview where he takes us through –

– The journey of data protection laws in India

– Current status of data protection regulation in the country and Digital Personal data protection bill, 2022

– It impacts different stakeholders

– In India and globally

– Concerns and need for improvement

– The future of Data Protection law in India


Data Protection Bill – Parliamentary panel Finalizes Draft Report

With growing reliance on technology, Personal Data Protection bill has been need of the hour for India. Recently, the Joint Parliamentary Committee has finalized the draft report on Personal Data Protection Bill. It is likely to be placed in the upcoming Winter Session of Lok Sabha with specific recommendations.

Tune into this video, where LawWiser quickly takes you through the update “Parliamentary panel finalizes draft report on a Personal Data Protection Bill”. Watch Prabhjot Singh explaining this recent update.


In A Minute – WhatsApp Challenge to New Intermediaries Rule 2021

There is lot of buzz around #WhatsApp challenge before Delhi High Court against certain rules of The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.

Watch now and understand it all in the #LawWiser IN A MINUTE powered by Phoenix Legal with their Partner Pranav Srivastava. He shares quick highlights of the case basis which the challenge to the new rules has been made. To get featured in more such conversations, write us on editorial@lawwiser.com


Exploring Personal Data Protection- In Conversation

With time we are only going to get more and more reliant on technology for most of the services. That means there will be an increase in the sharing of our personal data with more service providers or platforms.

We only hear that personal data should be shared securely and we have the right to know how it will be utilised. But how many times have we taken care to read the privacy and personal data usage policy?

LawWiser #InConversation with Rajendra Misra, General Counsel, IHCL, discusses what are the key principles and rights concerning personal data protection.

In this video our expert answers –

1.) What are the key principles that apply to the processing of Personal Data protection?

2.) What the key rights individuals have concerning the processing of their Personal Data?

Personal data in India

Personal Data In India is a new law that governs data in the country. The law covers all IT activities, cybercrime, and security and privacy issues.

It provides certain exemptions for certain government agencies and requires them to obtain authorization from the Parliament to collect sensitive personal information.

However, it is unclear what these exemptions are and what type of actions they allow. There are several things to know about the new law before it takes effect.

Draft Personal Protection Bill

The draft Personal Data Protection Bill was introduced in the Indian Parliament on Dec. 11, 2019. It was the subject of intense debate for the past two years. The bill was referred to a joint parliamentary committee for a final report and debated in 2020.

The government is confident that the bill will pass as they have a majority in the two houses of Parliament. The government wants to ensure that the new law is enacted as soon as possible.

The new law will affect almost all businesses in the country. This includes social media and e-commerce and companies based in India or foreign companies dealing with the personal data of individuals in the country.

Small entities have some exemptions, but the new law will impose more stringent conditions for all businesses.

Telecommunication and financial firms already follow some privacy practices. The new law will likely be passed by the end of the year.

This law has two important aspects. It is a vital component of the new Personal Data Protection Bill, and the Act specifies what can happen to a data principal if it is misused. While the law strongly emphasizes protecting citizens’ privacy, there are instances when it does not.

It is called a “data principal,” and digital companies can obtain it to help protect public safety.

In 2010, the government created a committee of experts that looked into protecting personal information. Retd headed the committee. Justice BN Srikrishna. The committee issued a draft of a law that requires companies to comply with the requirements of the law.

Further, the DPA has also mandated that these companies follow certain privacy and confidentiality requirements. It is a significant step in protecting the rights of citizens.

The DPA also addresses the use of geo-location information. The bill also outlines the types of companies that process personal data. It also covers companies incorporated in India and foreign firms that deal with the personal data of individuals in the country.

In addition, the new legislation will protect the privacy of Indian citizens. The new law will be implemented in 2020. The ruling coalition is currently in the process of amending the DPA.

While the new law does not directly affect citizens’ privacy, it will still affect the way personal data is used. While the DPA doesn’t mention privacy, it focuses on personal data by companies that handle sensitive data.

For example, companies may use geo-location information to make personalized advertisements.

It is important to know that this legislation will not have the same effect as the law in the United States. But the changes are certainly a big step forward in the fight against cybercrime.

Key Takeaways

The Personal Data Protection Bill will also protect the rights of individuals and businesses in India. The new law will require companies to inform citizens about the privacy of their data. The bill will apply to companies that have personal data on a global scale

To get featured in more such conversations, write us on editorial@lawwiser.com


Quick Guide on UPI Framework and Data Privacy

UPI or the Unified Payments Interface has more than 100 Mn active users in India.

As the popularity of UPI has skyrocketed in the past couple of years, LawWiser had a conversation with Atul Juvle, General Counsel, Compliance Officer, and Company Secretary, Schindler India Pvt Ltd, to understand the UPI framework and discuss implications of data privacy. In this video we explore,

What is UPI?

What is the regulatory framework to control & monitor UPI?

What are the implications of data privacy in the UPI system?

and provide, Suggestions to UPI users.

To get featured in more such conversations, write us on editorial@lawwiser.com


Seeking Protection Against Media Trials – In Conversation

A civil suit was filed before Delhi High Court by four Bollywood industry associations and 34 leading production houses, seeking directions against prominent news channels as well as social media platforms to refrain from making or publishing irresponsible, derogatory, and defamatory remarks against the Bollywood film industry.

LawWiser with Tanu Banerjee, Partner, Induslaw and Hormuz Mehta, Partner, J. Sagar Associates, discuss how media trial can affect any industry and ‘Seeking Protection Against Media Trials’

In this video, the experts share insights on –

How this civil suit by Bollywood Producers acts as an example of negative reporting and media trials?

When is the right time to take legal action against such negative reporting?

How do we see negative reporting or media trials impacting other industries?

To get featured in more such conversations, write us on editorial@lawwiser.com


Comprehending Data Privacy & Data Security

Data Privacy and Data Security are some of the key issues that every company must be in compliance with. However, these two terms are often used interchangeably by many.

To know the difference and how companies deal with them Lawwiser brings discussion with expert K. Satish Kumar, Global Head – Legal & Chief Data Protection Officer, Ramco Systems,on ‘Comprehending Data Privacy & Data Security’.

Get insights on the following:

1) Data Privacy & its instances. What falls under it?

2) What is Data Security?

3) What are the compliances followed by companies to avoid a breach of information or any such risks?

Stay tuned LawWiser for more such insights

To get featured in more such conversations, write us on editorial@lawwiser.com

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