IMPACT – MEDIUM
What is the change? Singapore will introduce enhanced privacy regulations aimed at prohibiting businesses from collecting, copying or disclosing personal ID numbers—including National Registration Identity Cards (NRIC) numbers, Foreign Identification Numbers (FIN) and work permit numbers—unless required by law.
What does the change mean? Businesses face fines of up to 1 million Singapore dollars (about US$732,000) for violating the laws on personal data protection.
Background: The NRIC contains a permanent ID number issued to Singapore citizens and permanent residents, and FIN are issued to foreign workers. These numbers can be used to track personal information including home address, salary, medical details and property ownership. NRIC numbers are commonly requested for routine activities such as signing up for memberships, purchasing and renting items, and entering buildings.
Analysis & Comments: The new rules are intended to protect individuals against identity theft and fraud. Businesses that routinely collect personal ID numbers for purposes other than those required by law should develop policies for requesting and collecting alternative personal identifiers by the compliance deadline of Sept. 1, 2019.
Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.
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