CIPP-E · Question #200
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…
The correct answer is D. Customers snail receive a clear and conspicuous notice about such data sharing before. According to Article 13 of the GDPR, when personal data are collected from the data subject, the controller shall provide the data subject with certain information, such as the purposes and legal basis of the processing, the recipients or categories of recipients of the…
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
How the community answered
(24 responses)- A4% (1)
- B13% (3)
- C4% (1)
- D79% (19)
Explanation
According to Article 13 of the GDPR, when personal data are collected from the data subject, the controller shall provide the data subject with certain information, such as the purposes and legal basis of the processing, the recipients or categories of recipients of the personal data, and the existence of the data subject's rights. This information shall be provided at the time when personal data are obtained. The purpose of this requirement is to ensure that the data subject is informed and aware of how their personal data will be used and shared, and to enable them to exercise their rights accordingly. Therefore, customers shall receive a clear and conspicuous notice about such data sharing before submitting their data during the registration process.
Topics
Community Discussion
No community discussion yet for this question.