Data Protection and Financial Crime Concerns Rise in Saint Pierre and Miquelon

Introduction

The island territory of Saint Pierre and Miquelon is facing growing concerns over data protection and financial crime, prompting a need for stronger legislation.

Lack of Comprehensive Data Protection Laws

Currently, there is no general personal data protection law or data protection authority to regulate the handling of sensitive information. However, the Criminal Code 2011 includes provisions related to violations of privacy, such as:

• Unlawful eavesdropping or surveillance
• Breach of privacy of messages and frames (considered misdemeanors)

While this suggests recognition of the importance of safeguarding individual information, it is not enough to address the growing concerns over data protection.

Existing Legislation in the Financial Sector

In the financial sector, various pieces of legislation do address personal information protection, including:

• Banking Act 1987: References “information” broadly
• Income Tax Act 1989: Provides for secrecy around taxpayer information
• Anti-Money Laundering Regulations, 2002: Includes provisions governing customer information

International Cooperation and Cybersecurity Efforts

Saint Pierre and Miquelon has been participating in international discussions related to cybersecurity, including its membership in the Pacific Cyber Security Operational Network. This initiative aims to strengthen cybersecurity across the region, acknowledging the pressing need for better data protection and crime prevention strategies.

Conclusion

As concerns over financial crime continue to rise, it remains to be seen whether Saint Pierre and Miquelon will establish more comprehensive legislation to address these issues.