1. Purpose and Scope
This Data Protection and Privacy Policy (henceforth “Policy”) was created to determine the rules for the use and protection of Personal Data of users. The Policy describes what data is collected and how it will be used, when a person chooses to become a client and/or customer of the Company.
The Data Protection and Privacy Policy must be read in conjunction with constituted part of the Compliance Policy of the Company. The term “us” or “we” refers to AM Wealth Limited. The term “you” or “your” refers to the user or viewer of AM Wealth Limited’s Data Protection and Privacy Policy.
This Data Protection and Privacy Policy applies to anyone whose Personal Data is provided to the Company. The Personal Data includes all data that the user has provided to the Company, as well as information received from third parties.
2. Processing Personal Data
AM Wealth Limited may process and collect your Personal Data as client or potential client for the following purposes:
- Providing suitable products and services, including transactions or requests.
- Establishing and managing future investment relationships.
- Monitoring and improving our website and its content.
- Conducting any type of market research in order to improve our service and products.
- Providing you with updated information, new market research etc.
- Preventing, detecting, investigating and prosecuting crimes (including but not limited to money laundering, terrorism, fraud and other financial crimes) in any jurisdiction, identity verification, government sanctions screening and due diligence checks.
- Complying with applicable local or foreign law, regulation, policy, voluntary codes, directive, judgement or court order and establishing, exercising or defending legal rights in connection with legal proceedings.
We use cookies to store and collect information about your use of our website. These cookies enable us to put in place personal settings and load your personal preferences to improve your experience.
3. Channels of Collection Personal Data
AM Wealth Limited uses several ways to collect personal information of its clients or potential client including but not limited to:
- E-mail and telephone contact with us;
- Any meetings that take place with the Company in person;
- Use of our website, including cookie files, applications, surveys, online forms and systems available;
- Correspondence and other documents.
4. Types of Personal Data
As part of our business, we collect Personal Data depending on the type of relationship AM Wealth Limited has with its clients or potential clients, that include the following but not limited to:
- Names, and contact details such as current and previous email addresses, postal addresses, residential addresses, phone numbers and other contact information;
- Nationality, residency, date and place of birth, passport numbers and other information available on copies of identification documents such as passports and ID cards, visa information;
- Education, professional history and employment history;
- Employment status, name of the employer, office location, job title and annual income;
- Criminal records, complaints and allegations, personal opinions and reports;
- Records of correspondence including email communications;
- Payment information such as credit or debit card numbers and bank account details, transaction history information, Tax information (Taxpayer identification number), Details and proof of income / funds / wealth;
- Device information such as your IP address as well as browsing history.
5. Access to Personal Data
AM Wealth Limited may disclose your Personal Data to:
- Employees of the business line(s) concerned by the products and services provided (marketing, legal and compliance, accounting and IT department(s) ;
- Our third-party professional advisors, service providers, agents for the purposes of providing services to us or to you on our behalf, who are under a duty of confidentiality with AM Wealth Limited;
- Court, taxation or other regulatory authority upon special request;
- Parties involved in investigations (such as firms, individuals and their legal advisers);
- Local and international registrars.
6. Store of Personal Data
AM Wealth Limited hold personal information via electronic or paper-based files to protect it from loss, unauthorised access, modification or disclosure. If the Company considers that this personal information is no longer needed, all the records would be destroyed. However, the Company may need to maintain records for a significant period of time.
For example, anti-money laundering laws require us to retain copies and evidence of the actions taken by us in regard to your identity verification, sources of incomes and wealth, monitoring of your transactions, and other records. These records must be maintained for a period of six years after our business relationship with you has ended or even longer if we are asked by our regulators.
Personal Data collected may be transferred to, and stored at, a destination outside Abu Dhabi Global Markets. It may also be processed by staff operating outside the ADGM who work for us or for one of our suppliers or affiliate companies.
7. Users` Rights in Relation to Personal Data
Under The Data Protection Regulations 2021 you have the following rights as an individual which you can exercise in relation to the Personal Data we hold about you:
- Withdraw consent;
- Access, rectify, and erase Personal Data;
- Object to the Processing of Personal Data;
- Lodge a complaint;
- Restrict the Processing;
- Data portability;
- Non-discrimination.
8. Complaints
If you want to exercise your rights, please contact us by using the registered email address you disclosed to us. We try to respond to all requests within 1 (one) month. Occasionally, it may take us longer than 1 (one) month if your request is particularly complex.
You are entitled to lodge a complaint with a competent Data Protection Authority. If you have any questions or need assistance please visit the official website of the Office of Data Protection: ADGM Office of Data Protection.
Contact DPO: If you have any questions regarding this data protection Policy or the protection of your personal data, please contact AMWL’s Data Protection Officer at: info@amwealth.ae.
9. Changes to the Policy
The Company may update this Data Protection and Privacy Policy from time to time. In case of any changes the revised Data Protection and Privacy Policy will be posted to the website immediately and we will post a notice on our site to notify you of such changes. This Policy must be regularly reviewed and updated at least annually.