COMPLIANCE
TECHNOLOGICAL STORAGE LAW

Law 51 of 2008 on Technological Storage in Panama

What is the law?

What is the impact of technological storage?

Benefits of Law 51 of 2008 for organizations?

How can we help you at RISCCO?

What is the law?

It establishes the regulatory framework for the creation, use, and storage of electronic documents and electronic signatures, the registration process, and the supervision of providers of technological storage services for documents and certification of electronic signatures in the territory of the Republic of Panama.

What is the impact of Technological Storage?

It gives legal value to the documents and electronic signature, and validity will be recognized in legal effects. In other words, you would no longer have to search for the original printed document in a Legal process.

Benefits of Law 51 of 2008 for organizations?

Organizations that handle large volumes of data and require that the documents of particular processes be digitized and have legal validity, may, as established by Law 51 of 2008 and subsequent regulations, carry out a review of compliance with the security requirements of information and cryptography required by law.

In addition, companies that provide technological storage services to organizations, in accordance with the Law, must carry out an annual audit of compliance with the Law.