Privacy Policy
Confidentiality of client information
World Trade Finance Solutions (WTS and the Firm) is committed to maintaining the confidentiality of client information.
Many national jurisdictions have established privacy poslicies and regulations including that General Data Protection Regulation (GDPR) is a robust privacy law that was created by the European Union (EU) in 2016 and became effective in 2018 and similaraly beyond in other countries similar policies such as the Canaadian Personal Information Protection and Electronic Document Act (collectively called Privacy Laws and Regulations (or “PLR”}. All of these policies generally mandate that a Firm collect, use, and distribute client information only to meet its obligations to its clients and regulatory requirements under applicable legislation and anti-money laundering legislation.
PLR applies to the personal information collected, used or disclosed by organizations engaged in commercial activities, from banks and retail outlets to airlines, communications companies and investment firms.
WTS adheres to privacy principles in protecting your personal information. The term “personal information” refers to information that specifically identifies you as an individual or corporate entity and is provided to or collected by WTS. It includes, for example, your name and address, age and gender, personal information records, government identification numbers, and your financial information. For corporate clients, this information also includes the names of officers, directors, owners, shareholders, jurisdiction of incorporation, financial information, and ownership structure.
A Client’s knowledge and consent is required prior to the collection of personal information. Clients are deemed to have provided consent when they personally (or through an authorized agent) and voluntarily provide information for completion of the Investor Information Form or other Know Your Client Information Form.
Collection and use of personal information
WTS is required under PLR and anti-money laundering legislation to collect information to verify the identity and reputation of clients. WTS is also obligated under PLR that if it collects financial or other corporate information for the providing of its services to clients, WTS can use and share personal information with its employees, third party service providers and other financial institutions. Thus by communicating with WFS, you authorize us to collect this information during the course of our relationship.
Sharing personal information
WTS will not use or disclose personal information for purposes other than those for which it was collected except with the consent of the client or as required by law or court order. Personal information will be retained only as long as necessary for these purposes or required by law.
Safeguarding personal information
Client personal information is protected by security safeguards that are appropriate to the sensitivity level of the information. WTS has appropriate controls in place over computer systems in compliance with its Privacy Policy. WTS will ensure appropriate security procedures and controls are maintained by third party service providers requiring the use of personal information of WTS’ clients.
Spam
We will not send you electronic communications until such time as we have your consent.