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CIPP-E · Question #200

CIPP-E Question #200: Real Exam Question with Answer & Explanation

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Question

SCENARIO Please use the following to answer the next question: Jane Stan's her new role as a Data Protection Officer (DPO) at a Malta-based company that allows anyone to buy and sell cryptocurrencies via its online platform. The company stores and processes the personal data of its customers in a dedicated data center located in Malta |EU). People wishing to trade cryptocurrencies are required to open an online account on the platform. They then must successfully pass a KYC due diligence procedure aimed at preventing money laundering and ensuring compliance with applicable financial regulations. The non-European customers are also required to waive all their GDPR rights by reading a disclaimer written in bold and belong a checkbox on a separate page in order to get their account approved on the platform. The customers must likewise accept the terms of service of the platform. The terms of service also include a privacy policy section, saying, among other things, that if a Which of the following must be a component of the anti-money-laundering data-sharing practice of the platform?

Options

  • AThe terms of service shall also enumerate all applicable anti-money laundering few.
  • BCustomers shall have an opt-out feature to restrict data sharing with law enforcement agencies
  • CThe terms of service shall include the address of the anti-money laundering agency and contacts
  • DCustomers snail receive a clear and conspicuous notice about such data sharing before

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