What is Colombia’s privacy law framework ?
The Colombian legal framework provides a number of essential protections for the right to privacy. Colombia recognizes two fundamental personal data rights under its Constitution, the right to privacy and the right to data rectification.
Personal data processing is further regulated by two statutory laws and several decrees that set out data protection obligations. Statutory Law 1266 of 2008 regulates the processing of financial data, credit records and commercial information collected in Colombia or abroad. Law 1266 establishes basic data processing principles, data subject rights, data controller obligations and specific rules for financial data. This law privileges processing for purposes of managing financial, credit, commercial and services information, considering that this benefits the financial and credit activity as a public interest activity.
This solution provides your organisation guidance on how to gain and maintain compliance with the privacy law framework of Colombia.