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Hosting of Data for a US bank outside US , restriction by regulation

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Hi All,

 

Can you please provide your opinion to the following question:

 

A US based bank wants to implement SAP ERP Financials including SAP CRM which will be hosted on a server that will reside in Europe. Is there any restriction by any US regulation which doesn't permit hosting of data outside US for US transactions.

 

Thanks,

DG


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