Cloud Computing

Myth 7: Record keeping laws require data to stay local

Fact is that some tax, bookkeeping and corporate laws in some jurisdictions historically required certain records to stay in-country. But such requirements apply only to certain kinds of records and they generally do not prohibit the transfer of data into the cloud so long as originals or back-up copies are also kept local. If, and to the extent, such laws apply, copies of records may still be uploaded into the global cloud solution, whether self-hosted or hosted by a cloud computing service provider. The situation is a little different with respect to Russia which enacted a new data residency law in September 2015 explicitly requiring local data to be stored and processed on Russian territory. For more information on data residency laws, please click here.