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7 Cards in this Set
- Front
- Back
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IROC Rule 38 requires that firms maintain an internal record of the names of all Supervisors, the scope of their responsibility, and the dates for which their responsibility and authority was in effect. For how long must the firm maintain these records? |
7 years, and on-site for the first year |
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PCMLTFA requires that dealer members retain records in such a way that they can be provided to FINTRAC within what time period? |
30 days |
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Which of the following is an example of a cash deposit(s) that must be reported by the dealer member to FINTRAC? |
Two deposits of $5000 within a 24 hour period. |
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According to PIPEDA, how should information that is no longer required for its original purpose should be treated? |
Destroyed, erased or rendered anonymous. |
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What party is responsible for upholding PIPEDA’s regulations at the member firm? |
The Privacy Officer |
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In addition to knowing where records are located, what other consideration with respect to records are important for firms to establish and document |
Who is responsible for their maintenance. |
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Under the Gatekeeper Reporting Obligation, what must be done if a potential violation is identified during a compliance review? |
Make a written record and contact IIROC within 15 days of the end of the month of the finding. |
