Compliance at the Tipping Point, Part IV – The Schrems Decision
I continue my exploration of why I believe that compliance is at the Tipping Point, with today’s entry of data point four, which is last week’s decision by the European Court of Justice (ECJ) in the Schrems case. While most commentators have focused on the Schrems decision around the lack of US data privacy protection from government or company intrusion, for the Foreign Corrupt Practices Act (FCPA) practitioner, Chief Compliance Officer (CCO) and compliance function, the decision will also be a tipping point.