The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require us to tell you about how we will use any personal data supplied to us in the course of our client onboarding process.
What personal data may we collect?
In order to comply with our regulatory obligations, we may collect the following:
- Personal information, such as name, address and date of birth.
- Personal identification documents that may reveal nationality.
- Information that may reveal criminal convictions or offences information.
How will we use the personal data?
Personal data will only be used for carrying out customer due diligence for the purposes of preventing money laundering and terrorist or proliferation financing, or in order to comply with other legal and regulatory obligations.
If we wish to process personal data for any other purpose, we will contact you before doing so.
Do we share personal data with third parties?
We may share your personal data with trusted third parties, GBG Group, Exiger and Dow Jones, who will assist us in carrying out customer due diligence for the purposes of preventing money laundering and terrorist or proliferation financing. For more information regarding how these third parties process personal data please use the below links to their respective Privacy Notices:
- Exiger
- Dow Jones
- GB Group (“GBG”)
- In order to support us in carrying our customer due diligence, GBG may also share your personal data with the following credit reference agencies: Experian Ltd (“Experian”), TransUnion International UK Limited (“TransUnion”) and/or Equifax Ltd (“Equifax”), collectively, the "Agencies".
- Please note that :
- The Agencies may keep a record of your personal data (known as a ‘search footprint’, which will remain on your credit file). Search footprints made via TransUnion will read as having been made by GBG and KPMG;
- A search will be carried out with the Agencies for the purposes of verifying your identity;
- The Agencies may disclose your personal data, including the fact that a search was made, to their other customers for the purposes of assessing the risk of giving credit and occasionally to prevent fraud, money laundering and to trace debtors; and
- The Agencies may check your personal data against any particulars on any database (public or otherwise) to which they have access in order to verify your identity.
- The Agencies may keep a record of your personal data (known as a ‘search footprint’, which will remain on your credit file). Search footprints made via TransUnion will read as having been made by GBG and KPMG;
- For more information about how the Agencies will process your personal data, please see their respective Credit Rating Information Notices at:
- In order to support us in carrying our customer due diligence, GBG may also share your personal data with the following credit reference agencies: Experian Ltd (“Experian”), TransUnion International UK Limited (“TransUnion”) and/or Equifax Ltd (“Equifax”), collectively, the "Agencies".