Worldwide Enforcement began on May 25, 2018
The GDPR is aimed at giving citizens control over their personal data. It simplifies regulations for economic relations with other countries by making the EU procedures standardized. The GDPR replaces the Data Protection Directive of 1995. The new GDPR law doesn’t need any changes in local laws within the EU. The regulation is binding.
People and companies who don’t comply with the GDPR law may face a fine of up to 20,000,000 euros, or up to 4% of the company’s profits from the previous year, whichever number is higher.