Russia’s newly enacted data localization law, Federal Law No. 242-FZ, which amends the existing On Personal Data Law, requires that personal data that companies gather and process about Russian citizens be conducted on databases located within the country. For companies that conduct operations in Russia and vet their third parties in accordance with global Anti-Bribery and Anti-Corruption regulations, Federal Law No. 242-FZ presents a significant hurdle. After all, conducting third-party due diligence involves the processing of personal data relating to a third party’s principals and, on that basis, falls firmly within the scope of Russia’s localization law.

Download Russia’s Data Localization Law and Third-Party Due Diligence to learn more about how this newly enacted law will affect your due diligence requirements when conducting business in Russia.