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Data Sovereignty & Cross-Border Data Transfers: Evolving Risks and Compliance Strategies in Financial Services (Recording)

Data Sovereignty & Cross-Border Data Transfers: Evolving Risks and Compliance Strategies in Financial Services (Recording)

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As financial institutions become more reliant on global data infrastructure — from cloud services to outsourced vendors — the legal landscape around data sovereignty and international transfers is becoming more fragmented and risk-intensive. This session will explore key developments in cross-border data regulation, with a special focus on implications for financial services organizations operating across jurisdictions, especially between the U.S. and Canada.

The session will cover:

  • A brief overview of data sovereignty concepts and why they matter in the financial services context.
  • Emerging risks related to data localization requirements, government access concerns, and transfer impact assessments.
  • Practical guidance on embedding privacy and data transfer controls in vendor contracts and enterprise data governance frameworks.

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FINANCIAL SERVICES NETWORK COMMUNITY 

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06/25/2025 at 3:00 PM (EDT)  |  Recorded On: 06/25/2025  |  60 minutes
06/25/2025 at 3:00 PM (EDT)  |  Recorded On: 06/25/2025  |  60 minutes The join link will be active 5 minutes prior to the start of the program.

Jasmine Samra

Counsel

Gowling WLG

Jasmine Samra is counsel in Gowling WLG's Toronto office and a member of the firm's Cyber Security and Data Protection Group and Technology Group. Jasmine advises clients on a wide range of privacy, cyber security, AI and data governance issues across industries such as technology, financial services and insurance.

Jasmine supports organizations in navigating complex privacy requirements, including compliance with emerging technologies like artificial intelligence, big data and the Internet of Things. She addresses intricate privacy challenges, including those related to AI tools and biometrics, by providing clients with strategic, forward-thinking guidance to assist in compliance with evolving legal standards while mitigating risks. She helps clients develop and implement privacy compliance programs and privacy frameworks tailored to their unique operational needs. Her experience extends to advising on corporate transactions, outsourcing arrangements, data processing agreements and cross-border data flows.

With broad experience handling requests under Canada's Access to Information Act and provincial freedom of information legislation, Jasmine assists clients in safeguarding confidential third-party business information. She also provides practical and strategic advice on managing data breaches and other privacy-related incidents, serving as a trusted advisor.

Jasmine’s expertise also encompasses Canada’s anti-spam law (CASL) and the Canadian Radio-television and Telecommunications Commission's Do Not Call rules, ensuring her clients remain compliant with marketing and electronic communication regulations.

Prior to joining Gowling WLG, Jasmine served as senior counsel at one of Canada’s largest financial institutions. In this role, she provided legal advice on a variety of privacy, cyber security and social media issues globally, including implementing compliance measures for the General Data Protection Regulation (GDPR). Her experience also includes developing global privacy policies, consent frameworks and data protection agreements.

Jasmine is dedicated to helping organizations balance innovation with privacy, delivering practical solutions that align with both regulatory requirements and business goals.

Learn more about Jasmine Samra: https://gowlingwlg.com/en/peop...

Karen H. Shin

Associate

Blank Rome LLP

Karen Shin focuses her practice on a diverse range of data privacy and information security matters, including compliance with various privacy laws and regulations, such as the California Consumer Privacy Act, General Data Protection Regulation, HIPAA, and state data protection and breach notification laws.

Karen also assists clients develop and implement internal and external privacy policies, drafts various commercial and technology-related agreements on both the customer and service provider side (including contracts for goods, professional service agreements, cloud services and software, mobile applications and data licensing agreements, end user license agreements, terms of service, and data processing agreements/addenda), and performs due diligence reviews related to data privacy and security.

She previously served as a judicial extern for the Honorable Josephine L. Staton, U.S. District Court for the Central District of California. During law school, Karen served as a staff editor for the UC Irvine Law Review and a research fellow for the Korea Law Center and Lawyering SkillsShe also served as co-chair for the Asian Pacific American Law Student Association and the communications chair for the Entertainment and Sports Law Society.

Learn more about Karen H. Shin: https://www.blankrome.com/peop...