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Privacy Training for MSBs (PIPEDA)

Name: Privacy Training for MSBs (PIPEDA)
Price: 100 USD
Availability: InStock

This course applies PIPEDA’s ten Fair Information Principles to MSB operations, covering consent at onboarding, KYC data retention, secure storage, and third-party sharing. It explains breach reporting obligations and uses real Canadian financial-sector incidents to highlight common failures and practical controls to protect customer data and ensure compliance.

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What you'll learn

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 Information

Beginner

0 Lectures

0h 0m 0s

Learning Outcomes

Describe PIPEDA's scope, authority, and how it interacts with the PCMLTFA's record-keeping rules.

Apply the ten Fair Information Principles to client onboarding, transaction processing, and record retention.

Obtain meaningful consent and explain its purpose to customers in plain language.

Manage access and correction requests within PIPEDA's response timelines.

File breach reports to the OPC and affected individuals using the prescribed form and timing.

Identify privacy breach and apply real risk of significant harm test for mandatory reporting.

Implement administrative, physical, and technical safeguards proportionate to the sensitivity of the information held.

Determine appropriate retention periods so that KYC records are kept for the PCMLTFA-mandated period without being held longer than necessary.

Course requirements

No prior privacy law knowledge required.

Reliable internet access and a modern browser.

Approximately 2-3 hours of self-paced study.

Recommended: your firm's privacy policy, retention schedule, and consent forms for reference.

Course Cost :

$100.00

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