Privacy policy
www.kingofmoney.io
One of the main priorities of the King of money (KOM) is full security of the Clients. The King of money (KOM) doesn't let this information become open to the general public and be used for a third party's own purposes. The King of money (KOM) doesn't provide, doesn't sell, doesn't disclose, doesn't give for temporary use the information on Client's personality and account to third parties. The King of money (KOM) values its reputation and respects the King of money (KOM)'s Clients.
Gathering The Information
By opening an account the Client agrees to and accepts all of the provisions set forth in this Policy. In order to open an account with the King of money (KOM), the Client must first complete and submit an application form to the King of money (KOM) by completing the required information, which includes: full name, date of birth, country of residence, complete address, including phone number and city code etc. All the Client gives this information during registration of the Back Office. Gathering information is an obligatory condition for the beginning of a business relationship with the King of money (KOM). The information that Clients provide to King of money (KOM) may also be used by the King of money (KOM) to inform Clients regarding the King of money (KOM) services.
Personal Data That Is Collected By The King of money
information indicated by the Client during the Back Office registration (full name, date of birth, country of residence, complete address, including phone number and city code);
documents that let the King of money (KOM) verify Client Back Office, namely government-issued identification documents (passport, national ID, driver's license, or similar document) and documents that confirm the place of residence (utility bill(gas, water, electricity or other), bank statement);
documents that confirm money transfer (in case of bank transfer, based on the King of money (KOM) decision;
and any other information customarily used to identify the Client, if the legal requirements require this.
If you decide not to provide some data from this list, we may not be able to provide you with some requested services.
The Use of Information
Information given by the Client is used solely to provide quality services. For example, Client's contact information may be used in case of need in urgent contact with the Client or to inform the Client about the King of money (KOM)s updates and news. By giving information about himself, the Client verifies personal Back Office, thus bringing AML policy to life. Client's data is used to confirm the identity, to open trading and/or partner accounts, to quickly inform about new services of the King of money (KOM), to maintain the database of customers' accounts, and to analyze statistical data for providing services and products of higher quality.
Personal data given by the Client can also be used for the following purposes:
legal compliance;
performance of a contractual obligations;
marketing purposes.
Information Protection
King of money (KOM) uses advanced technology to provide the security of personal data. The King of money (KOM) has put in place appropriate security measures to prevent accidentally lost, use, unauthorized access, modification or disclosure of personal data. King of money (KOM) employees maintain strict standards in the process of transferring information within King of money (KOM)
King of money (KOM) limits access to your personal data to those employees who require access to limited data of Clients and only specific categories of employees have full access to personal data of Clients (e.g. verification or account managers).
Any information and access will be encrypted using SSL technology. Where King of money (KOM) has given to the Client (or where the Client has chosen) a password that enables the Client to access certain parts of the company website, the Client is responsible for keeping this password confidential. King of money (KOM) will not ask the Client to share a password with anyone.
Retention Period
The retention period for personal data storage is 5 years. King of money (KOM) has the right to remove all data, which was received from the Client when it considers that personal information is no longer necessary for the purpose for which it was collected.
King of money (KOM) may keep personal data for longer than 5 years for the next reasons: legal reasons, regulatory reasons, or technical reasons.
Disclosure of Information To Third Parties
King of money (KOM) will not rent or sell information about the Client to third parties outside King of money (KOM) without the consent of the Client.
King of money (KOM) keeps the right to give information about the Client to third parties only under special circumstances. Such circumstances may be:
protection of personal rights and property in the court;
implementing the court orders;
providing information to law enforcement authorities at official request;
transferring of information to business partners (trustees) to improve the quality of service.
In order to give the Clients comprehensive, state-of-the-art high-quality service, King of money (KOM) may exchange personal data with its partners. However, the use of the Client's data is limited to sharing the account number with one of the partners at their request. At the request of the Client, King of money (KOM) can provide information about the services that the partners provide for it.
You agree that we will disclose your personal information to third parties in the event that we sell or buy any business or assets, in which case personal data about its customers will be one of the transferred assets.
Changes In Personal Information
Because King of money (KOM) assumes that all the information is full and relevant, King of money (KOM) asks the Client to notify King of money (KOM) of any changes in the personal data via the appropriate forms of the Back Office.
Rights of the client
Every Client has the next rights regarding the processes of collecting, using, and managing his/her personal information:
a) the right to be informed and the right to access;
b) the right to rectification;
If you know we have the wrong data about you, or that your data is incomplete you are entitled to have it rectified. You may inform us at any time that your personal details have changed by sending an email to us.
c) the right to restrict processing;
You can ask us to restrict the processing of your personal data in certain circumstances such as if you contest the accuracy of that personal information or object to us processing it.
d) the right to data portability;
You have the right to obtain personal information that you have provided us with and to re-use it elsewhere or ask us to transfer this to a third party of your choice.
e) the right to object;
You can ask us to stop processing your personal information in certain circumstances. Also, if you receive emails from us, you can always opt out at the bottom of the email, or by contacting us.
f) the right to erasure;
You can ask us to delete or remove your personal information in certain circumstances such as if we no longer need it or you withdraw your consent provided that we have no legal obligation to retain that data. Such requests will be subject to any retention limits, which we are required to comply with in accordance with applicable laws and regulations.
g) the right for refusal.
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