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WANFUTENG INDIVIDUAL PRIVACY POLICY

Our Business is Built on TRUST and Your PRIVACY is Important to Us.

Privacy Policy

In this Privacy Policy, “we”, “us”, “our” or “Wanfuteng” means Wanfuteng Bank Limited,

The security, protection and privacy of your personal data is important to us. Wanfuteng Bank has in place safeguards to secure and protect the personal data stored with us. This policy describes how we may collect, use, disclose, process and manage your personal data.

This policy applies to any individual’s personal data; their PII (Personally Identifiable Information), which is in our possession or under our control.

In the event of any inconsistency between different versions of this policy, the English version shall prevail.

 

What Personal Data We Collect

“Personal data” is data connected to or associated with a natural person that can be used to identify that specific natural person. Some examples of personal data that we may collect are:

(a) personal details (e.g. name, contact details, residential address, date of birth, identity card/passport details, and/or and education details);

(b) specimen signature(s);

(c) financial details (e.g. income, expenses, and/or credit history);

(d) images, facial, fingerprint, voice biometrics and voice recordings of our conversations with you or CCTV recordings collected in branches and/or cameras on ATM machines;

(e) employment details (e.g. occupation, directorships and other positions held, employment history, salary, and/or benefits);

(f) tax and insurance information;

(g) information about your risk profile, investments, investment objectives, knowledge and experience and/or business interests and assets;

(h) banking information (e.g. account numbers and banking transactions);

(i) personal opinions made known to us (e.g. feedback or responses to surveys); and/or

(j) Information obtained from mobile device with your consent (e.g. device location and information).

 

Usage of Your Personal Data

We may use your personal data for our core business purposes, such as:

  1. developing and providing banking facilities, products or services (whether made available by us or through us), including but not limited to:
    • executing investments, banking, commercial or other transactions and clearing or reporting on these transactions;
    • carrying out research, planning and statistical analysis; or
    • analytics for the purposes of developing or improving our products, services, security, service quality, and advertising strategies;
  2. assessing and processing applications, instructions or requests from you or our customers;
  3. communicating with you, including providing you with updates on changes to products, services and banking facilities (whether made available by us or through us) including any additions, expansions, suspensions and replacements of or to such products, services and banking facilities and their terms and conditions;
  4. managing our infrastructure and business operations and complying with internal policies and procedures;
  5. responding to queries or feedback;
  6. addressing or investigating any complaints, claims or disputes;
  7. verifying your identity for the purposes of providing banking facilities, products or services;
  8. conducting credit checks, screenings or due diligence checks as may be required under applicable law, regulation or directive;
  9. complying with all applicable laws, regulations, rules, directives, orders, instructions and requests from any local or foreign authorities, including regulatory, governmental, tax and law enforcement authorities or other authorities;
  10. monitoring products and services provided by or made available through us;
  11. complying with obligations and requirements imposed by us from time to time by any credit bureau or credit information sharing services of which we are a member or subscriber;
  12. creating and maintaining credit and risk related models;
  13. financial reporting, regulatory reporting, management reporting, risk management (including monitoring credit exposures), audit and record keeping purposes;
  14. enabling any actual or proposed assignee or transferee, participant or sub-participant of Wanfuteng’s rights or obligations to evaluate any proposed transaction;
  15. enforcing obligations owed to us; and/or
  16. seeking professional advice, including legal advice.

We may also use personal data for purposes set out in the terms and conditions that detail our relationship with you or our customer.

 

Use of Personal Data for Marketing Purposes

We may use your personal data to offer you products or services, including special offers, promotions, contests or entitlements that may be of interest to you or for which you may be eligible. Such marketing messages may be sent to you in various modes including but not limited to electronic mail, direct mailers, short message service, telephone calls, facsimile and other mobile messaging services. In doing so, we will comply with applicable data protection and privacy laws, such as the European Union General Data Protection Regulation (GDPR).

In respect of sending telemarketing messages to your telephone number via short message service, telephone calls, facsimile and other mobile messaging services, please be assured that we shall only do so if we have your clear and unambiguous consent in writing or other recorded form to do so or if you have not otherwise made the appropriate registration of that number with the Do Not Call Registry. If we have an ongoing relationship with you and you have not indicated to us that you do not wish to receive telemarketing messages sent to your telephone number, we may send you telemarketing messages to that number related to the subject of our ongoing relationship via short message service, facsimile and other mobile messaging services (other than a voice or video call).

You may at any time request that we stop contacting you for marketing purposes via selected or all modes.

To find out more on how you can change the way we use your personal data for marketing purposes, please contact us (please see the “How to contact us” section below).

Nothing in this section shall vary or supersede the terms and conditions that govern our relationship with you.

 

Disclosure and Sharing of Personal Data

We may from time to time and in compliance with all applicable laws on data privacy, disclose your personal data to any personnel of Wanfuteng Group or to third parties, whether located in Vanuatu or elsewhere, in order to carry out the purposes set out above. Please be assured that when we disclose your personal data to such parties, we require them to ensure that any personal data disclosed to them are kept confidential and secure.

For more information about the third parties with whom we share your personal data, you may, where appropriate, wish to refer to the agreement(s) and/or terms and conditions that govern our relationship with you or our customer. You may also contact us for more information (please see the “How to contact us” section below).

We wish to emphasise and stress that Wanfuteng does not share or sell personal data to any third parties and we shall remain fully compliant of any duty or obligation of confidentiality imposed on us under the applicable agreement(s) and/or terms and conditions that govern our relationship with you or our customer or any applicable law.

We may transfer, store, process and/or deal with your personal data outside Vanuatu. In doing so, we will comply with applicable data protection and privacy laws, such as the GDPR.

 

Cookies and Related Technologies

Our web sites and mobile applications (“apps” or an “app”) use cookies. A cookie is a small text file placed on your computer or mobile device when you visit a web site or use an app. Cookies collect information about users and their visit to the web site or use of the app, such as their Internet protocol (IP) address, how they arrived at the web site (for example, through a search engine or a link from another web site) and how they navigate within the web site or app. We use cookies and other technologies to facilitate your internet sessions and use of our apps, offer you products and/or services according to your preferred settings, track use of our web sites and apps and to compile statistics about activities carried out on our web sites and/or through our apps.

A pixel tag, also known as a web beacon, is an invisible tag placed on certain pages of our web site but not on your computer. Pixel tags are usually used in conjunction with cookies and are used to monitor the behaviour of users visiting the web site.

You may set up your web browser to block cookies which will in turn disable the pixel tags from monitoring your web site visit. You may also remove cookies stored from your computer or mobile device. However, if you do block cookies and pixel tags, you may not be able to use certain features and functions of our web sites.

 

Other Web Sites

Our web sites may contain links to other web sites which are not maintained by Wanfuteng Bank. This privacy policy only applies to the web sites of Wanfuteng Bank. When visiting these third-party web sites, you should read their privacy policies which will apply to your use of the web sites.

 

Retention of Personal Data

Your personal data is retained as long as the purpose for which it was collected remains and until it is no longer necessary for any other legal or business purposes. When your personal data is no longer needed, it will be rendered inaccessible, unreadable and deleted.

 

Access and Correction

You may request access or make corrections to your personal data held by Wanfuteng Bank. Wanfuteng Bank provides you the ability to directly access and review all the personal data that Wanfuteng Bank holds on you. If you need or want to make corrections, revise or update the personal data or wish to delete or remove certain personal data and/or enter additional personal data into the personal data folders and files that are connected to or associated with you, you can do so by informing Wanfuteng Bank of the changes and corrections you want to make. Wanfuteng Bank will then undertake to do what you request and/or will tell you how to do it yourself, using the mechanisms and tools Wanfuteng Bank provides.

Wanfuteng Bank  may charge a fee for processing your request for access. Such a fee depends on the nature and complexity of your access request. Information on the processing fee will be made available to you.

The GDPR also provides relevant individuals with additional rights, including the right to obtain information on how Wanfuteng Bank processes your personal data, or receives certain information provided in electronic form and/or requests that data be transmitted to a third party, or requests for your information to be erased, object to or restrict the use or processing of your information in some circumstances. These will be subject to ongoing obligations imposed on Wanfuteng Bank pursuant to any applicable law or regulation, and/or Wanfuteng’s Bank legitimate reason or entitlement to continue processing your information, and/or to refuse that request.

Please contact us (please see the “How to contact us” section below) for details on how you may request access or correction to, or exercise your rights with respect to the processing of your personal data.

 

How to Contact Us

To contact us on any aspect of this policy or your personal data or to provide any feedback that you may have, please visit any of our branches or get in touch with our customer centre officer in the following ways:

If you are our personal banking customer or a non-customer, you may contact our customer centre officer at (678) 28 880 or email us at dataprivacy@wanfutengbank.com.

If you are our business banking customer, you may contact our customer centre officer at (678) 28 880 or email us at dataprivacy@wanfutengbank.com.

 

Amendments and Updates of Wanfuteng Privacy Policy

We may amend this policy from time to time to ensure that this policy is consistent with any developments in the way Wanfuteng uses your personal data or any changes to the laws and regulations applicable to Wanfuteng.

We will make available the updated policy on our web site. Please take the time to review on a regular basis, so you are aware of any changes to our Privacy Policy.