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US financial enforcement agencies take a very expansive view of their jurisdiction. OFAC has gone after non-US companies at non-US banks for violating sanction
by owenmarshall 4y ago
US financial enforcement agencies take a very expansive view of their jurisdiction. OFAC has gone after non-US companies at non-US banks for violating sanctions because US dollars were used in the process – that's enough for them to establish a US nexus.
- seydor 4y agoAnd when GDPR does it they pick up the pitchforks
- arcticbull 4y agoAnyone who does business in the EU complies with GDPR.
- JumpCrisscross 4y agoAlso, anyone who complies with any paperwork-heavy law complains about it.
- lmm 4y agoAnyone who does business in the EU makes enough of a performative effort that they can claim to be following industry best practice, and maybe even believe it. Approximately none of them actually comply with the GDPR. (For example anyone using Google Analytics is in breach, and knows it if they're paying attention, but it'll take a few years for that to become legally official enough that they can't pretend to be ignorant)
- josefx 4y agoAs far as I understand US companies literally can't, as US law enforcement does not follow any of the procedures and protections required by the GDPR and can just compel the US companies to provide unchecked, unrestricted and undocumented access to whatever data they want no matter where it is stored.