EXPLORE PROGRAMS
MSBs collect, use, and disclose substantial amounts of personal information — from identity documents and source-of-funds questionnaires to transaction histories. The Personal Information Protection and Electronic Documents Act (PIPEDA), administered by the Office of the Privacy Commissioner of Canada (OPC), governs how that data must be handled. This course translates PIPEDA's ten Fair Information Principles into the day-to-day reality of an MSB — covering consent at onboarding, retention of KYC records, secure storage of identity documents, third-party data sharing with banks and service providers, and what to do when something goes wrong. It also addresses Canada's mandatory breach-of-security-safeguards reporting obligations. Real privacy incidents from the Canadian financial sector are used to illustrate where MSBs commonly go wrong and how to design controls that protect both customers and the business.
You will learn how PIPEDA applies to MSB operations, how to obtain valid consent at onboarding, how long to retain KYC and transaction records, how to respond to access and correction requests, how to safeguard personal information across paper and digital systems, and how to assess and report a privacy breach to the OPC and to affected individuals when the real risk of significant harm threshold is met
Course Cost :
$100.00
