Bank Secrecy Laws (Canada)

May 16, 2019

Shawn Smith and Wesley Ng, who practice in our Technology and Privacy & Data Protection Groups, along with Practical Law Data Privacy Advisors, recently authored the Canadian chapter of Practical Law Company’s Bank Secrecy Laws. This publication provides guidance for banking institutions handling customer data in Canada.

Among the topics considered are the following:

  • Canada bank secrecy legal framework
  • Common law duties with respect to covered persons and entities, protected customer data, exceptions permitting disclosure
  • The Bank Act
  • Customer data disclosures under the data protection laws and common law
  • Outsourcing considerations
  • Enforcement and penalties

We are pleased to be able to make this PLC publication available for downloading.

DISCLAIMER: This publication is intended to convey general information about legal issues and developments as of the indicated date. It does not constitute legal advice and must not be treated or relied on as such. Please read our full disclaimer at

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