?? These are the most recent IP Law News ??? (08 / 15 / 2024)

On August 6, the Superintendence of Industry and Commerce (“SIC”) imposed a fine of COP $190,547,400 on a consulting company that owns an application for validating money laundering and terrorism financing risks (“LA/FT”). Additionally, the SIC ordered the suspension of its personal data processing activities due to improper handling of information.

The platform of the sanctioned company enables users in the transportation sector to query and verify risks associated with other sector participants, particularly drivers.?

In the press release issued by the SIC, it was determined that the company had created a database with negative reports about cargo drivers, which violated their right to habeas data and created a discriminatory factor that prevented them from accessing job opportunities. Furthermore, the SIC found that the company had processed sensitive data without obtaining prior authorization from the data subjects.

This sanction underscores the importance of adhering to the general principles for data processing established in Law 1581 of 2012 when implementing consultation tools. Although the information contained in lists for preventing LA/FT is public, its use must comply with the principles of legality, accuracy, and transparency.

Sciencepreneurs is a program designed to bridge the gap between science and entrepreneurship by equipping scientists and entrepreneurs with the skills needed to create and scale DeepTech startups in Colombia.??

Last week we launched its second edition, welcoming 122 participants from 177 applications.?This diverse cohort includes DeepTech startups, universities, SMEs, and corporations, which will receive training on investment mechanisms , intellectual property management , regulatory affairs , and the specifics of DeepTech financing, as well as inspiring conversations with?DeepTech’s?investors. ?

Stay connected for updates and opportunities to drive innovation and transform your scientific ideas into successful ventures.

On August 6th, 2024, a new bill was filed aiming to reform Colombia's General Data Protection Regulation . This bill introduces several key aspects, including, but not limited to the establishment of new legal bases that legitimize data processing , the lawfulness of consent for minors over 16 years old, the limitation of data processing as a right, the reduction of the timeframe for reporting security incidents , and the right of data subjects not to be subjected to fully automated decisions. ?

Therefore, the bill seeks to position Colombia alongside other Latin American countries that are in the process of aligning their regulations with international standards, such as the European Union's General Data Protection Regulation.

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